We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
General Dynamics (GD) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
General Dynamics (GD - Free Report) closed at $239.37 in the latest trading session, marking a +0.8% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.67%. Meanwhile, the Dow lost 0.33%, and the Nasdaq, a tech-heavy index, lost 0.22%.
Coming into today, shares of the defense contractor had gained 3.65% in the past month. In that same time, the Aerospace sector gained 0.99%, while the S&P 500 lost 3.76%.
Wall Street will be looking for positivity from General Dynamics as it approaches its next earnings report date. This is expected to be October 26, 2022. In that report, analysts expect General Dynamics to post earnings of $3.16 per share. This would mark year-over-year growth of 2.93%. Meanwhile, our latest consensus estimate is calling for revenue of $9.93 billion, up 3.81% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.16 per share and revenue of $39.39 billion, which would represent changes of +5.28% and +2.4%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for General Dynamics. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.05% lower within the past month. General Dynamics is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that General Dynamics has a Forward P/E ratio of 19.54 right now. This valuation marks a premium compared to its industry's average Forward P/E of 18.4.
We can also see that GD currently has a PEG ratio of 1.92. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Aerospace - Defense stocks are, on average, holding a PEG ratio of 1.92 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 144, putting it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
General Dynamics (GD) Gains As Market Dips: What You Should Know
General Dynamics (GD - Free Report) closed at $239.37 in the latest trading session, marking a +0.8% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.67%. Meanwhile, the Dow lost 0.33%, and the Nasdaq, a tech-heavy index, lost 0.22%.
Coming into today, shares of the defense contractor had gained 3.65% in the past month. In that same time, the Aerospace sector gained 0.99%, while the S&P 500 lost 3.76%.
Wall Street will be looking for positivity from General Dynamics as it approaches its next earnings report date. This is expected to be October 26, 2022. In that report, analysts expect General Dynamics to post earnings of $3.16 per share. This would mark year-over-year growth of 2.93%. Meanwhile, our latest consensus estimate is calling for revenue of $9.93 billion, up 3.81% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.16 per share and revenue of $39.39 billion, which would represent changes of +5.28% and +2.4%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for General Dynamics. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.05% lower within the past month. General Dynamics is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that General Dynamics has a Forward P/E ratio of 19.54 right now. This valuation marks a premium compared to its industry's average Forward P/E of 18.4.
We can also see that GD currently has a PEG ratio of 1.92. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Aerospace - Defense stocks are, on average, holding a PEG ratio of 1.92 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 144, putting it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.