Northrop Grumman Corporation (NOC) is expected to report Q4 earnings before market open Tuesday,Feb. 3, with a conference call scheduled for 10:00 am ET.
Analysts are looking for EPS of $1.55 on revenue of $8.9B. The consensus range is $1.44-$1.61 for EPS, and $8.67B-$9.08B for revenue, according to First Call.
Northrop Grumman raised its FY08 EPS view to $5.10-$5.20 from $4.90-$5.15 vs. consensus of $5.20, and expects to reports results at the higher end of its guidance. The company also slightly raised its FY08 revenue guidance to $33.4B from $33B vs. consensus of $33.57B. The company announced in January it will record a Q4 non-cash, after-tax charge of $3B-$3.4B for impairment of goodwill.
In early January Northrop Grumman was upgraded to Outperform from Neutral at Cowen. The firm upgraded The company based on its diversified defense mix, manageable execution risk, visibility. :