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General Dynamics posted higher-than-expected revenue in the first quarter but missed Wall Street's EPS projection. The company had hoped to have the G700 certified in time to make deliveries of the aircraft in the quarter, but the timeline fell into late March.
Although the revenue and EPS for General Dynamics (GD) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
General Dynamics' (GD) Q1 revenues of $10,731 million beat the Zacks Consensus Estimate by 3.7%. The top line also improved 8.6% from the prior-year reported figure.
General Dynamics (GD) came out with quarterly earnings of $2.88 per share, missing the Zacks Consensus Estimate of $2.89 per share. This compares to earnings of $2.64 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for General Dynamics (GD), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
General Dynamics' (GD) first-quarter earnings are likely to have benefited from the improved revenues across all of its segments.
General Dynamics (GD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The geopolitical volatility keeps growing. The industries that benefit mainly are defense, energy, and shipping. General Dynamics is one of the only two US enterprises building nuclear submarines. Plus, the company owns the eponymous business jet manufacturer Gulfstream. GD keeps a prudent capital structure with 52% total debt to equity and 61% total debt to total liabilities.
J.P. Morgan analyst Seth Seifman upgraded Lockheed Martin stock to Buy from Hold, and lifted his price target to $518 from $475.
General Dynamics (GD) maximizes the effectiveness and lethality of the Army's tank fleet with next-generation Abrams upgrades, providing technological advancements in communications.