On May 23, we issued an updated research report on Orbital ATK, Inc. OA. The company continues to gain from its wide range of high-quality products and consistent flow of orders. Orbital ATK reported first-quarter 2018 earnings of $1.76 per share beating the Zacks Consensus Estimate of $1.50 by 17.3%.
Total revenues were $1,312 million, surpassing the Zacks Consensus Estimate of $1,134 million by 15.69%. Higher sales volumes from all three segments boosted its performance.However, intense competition in the space and fluctuations in currencies are deterrents.
In a year’s time, Orbital ATK stock has gained 32.9% outperforming the 29.9% rally of its industry.