Northrop Grumman (NOC) is a Top-Ranked Momentum Stock: Should You Buy?

Company Overview - Northrop Grumman Corporation, originally formed in 1939 as Northrop Aircraft Incorporated and reincorporated in 1985, is a global security company that provides a wide range of products including space systems, military aircraft, missile defense, advanced weapons, and cyber technologies [10] Zacks Rank and Style Scores - Northrop Grumman currently holds a Zacks Rank of 3 (Hold) with a VGM Score of B, indicating a moderate investment outlook [10] - The company has a Momentum Style Score of A, reflecting positive price trends, with shares up 0.9% over the past four weeks [11] - Seven analysts have revised their earnings estimates higher for fiscal 2024, with the Zacks Consensus Estimate increasing by $0.58 to $25.72 per share [11] - Northrop Grumman has an average earnings surprise of 9.9%, suggesting it has a history of exceeding earnings expectations [11]