Here's What Key Metrics Tell Us About Northrop Grumman (NOC) Q4 Earnings

Core Insights - Northrop Grumman reported $10.69 billion in revenue for Q4 2024, a year-over-year increase of 0.5%, with an EPS of $6.39 compared to $6.27 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $11.03 billion by -3.09%, while the EPS exceeded the consensus estimate of $6.27 by +1.91% [1] Financial Performance Metrics - Mission Systems sales were $3.14 billion, below the average estimate of $3.24 billion, reflecting a year-over-year increase of +2.6% [4] - Aeronautics Systems sales reached $3.22 billion, slightly above the average estimate of $3.20 billion, with a year-over-year increase of +10.7% [4] - Space Systems sales were $2.71 billion, below the average estimate of $2.74 billion, showing a significant year-over-year decline of -24.8% [4] - Defense Systems sales totaled $2.33 billion, below the average estimate of $2.58 billion, but represented a year-over-year increase of +41.8% [4] - Intersegment eliminations reported a revenue of -$721 million, slightly better than the average estimate of -$728.36 million, with a year-over-year change of +23.9% [4] Operating Income Analysis - Operating income for Defense Systems was $252 million, below the average estimate of $264.46 million [4] - Mission Systems operating income was $469 million, exceeding the average estimate of $457.72 million [4] - Space Systems operating income was $275 million, slightly below the average estimate of $281.02 million [4] - Aeronautics Systems operating income was $292 million, below the average estimate of $312.28 million [4] - Unallocated corporate expenses were reported at -$112 million, worse than the average estimate of -$93.95 million [4] - FAS/CAS operating adjustment showed a positive $8 million, compared to the average estimate of -$5.89 million [4] Stock Performance - Northrop Grumman shares returned +2.6% over the past month, outperforming the Zacks S&P 500 composite's +1.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market [3]