Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Revenue- Technologies: $3.30 billion versus the six-analyst average estimate of $3.27 billion. The reported number represents a year-over-year change of +2.5%. Revenue- Marine Systems: $3.45 billion versus $3.18 billion estimated by six analysts on average. Compared to the year-ago quar ...

General Dynamics (GD) came out with quarterly earnings of $3.26 per share, missing the Zacks Consensus Estimate of $3.30 per share. This compares to earnings of $2.70 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates just once. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on t ...

Exhibit 99.1 GENERAL DYNAMICS | --- | --- | |-------------------------------|-------| | | | | 11011 Sunset Hills Road | | | Reston, Virginia 20190 | News | | www.gd.com | | Contact: Jeff A. Davis Tel: 703 876 3483 press@generaldynamics.com General Dynamics Reports Second-Quarter 2024 Financial Results July 24, 2024 • Revenue of $12 billion, up 18% from year-ago quarter • Operating earnings of $1.2 billion, up 20.2% from year-ago quarter • Diluted EPS of $3.26, up 20.7% from year-ago quarter • Operating marg ...

Below we have mentioned the following players from the same industry that have the right combination of elements to beat on earnings in the upcoming releases. The Zacks Consensus Estimate for LMT's second-quarter earnings is pegged at $6.44 per share, while the same for sales is pegged at $17.06 billion. The company delivered a four-quarter average earnings surprise of 6.07%. Huntington Ingalls Industries (HII) is expected to report its second-quarter 2024 results on Aug 1 before market open. It has an Earn ...

Following the June 27 presidential debate, the leader of Russia, Vladimir Putin, openly stated how seriously he takes former President Donald Trump's commitment to ending the war in Ukraine. With Trump vocal about the importance of ending America's wars, it's likely the defense industry will take a hit following the closure of Europe's biggest war in almost 80 years. As a result, it's highly likely that there will be several defense stocks to sell to maximize profits now from medium-term holdings. RTX (RTX) ...

Get Lockheed Martin alerts: Several factors are contributing to the positive outlook for the defense sector. Geopolitical instability, marked by regional conflicts and renewed great power competition, drives demand for advanced military equipment and technology. This heightened need for security translates into increased defense spending by governments worldwide, creating a favorable environment for defense contractors. Lockheed Martin Today The defense industry stands as a cornerstone of global security, a ...

Amidst ongoing conflicts, the choice of defense stocks for investors might seem crucial yet unpredictable due to varying government spending priorities. Though economic upheaval isn't my primary prediction, several scenarios could disrupt the U.S. economy. Northrop Grumman (NOC) Despite recent declines, NOC is positioned for growth with new contracts and partnerships, including NATO's interest in expanding maritime surveillance with Triton aircraft. Analysts foresee potential gains, with NOC trading at 17.7 ...

General Dynamics Corp.'s (GD) Land Systems business unit recently secured a contract to perform low-rate initial production (LRIP) of the M10 Booker combat vehicle. The award has been provided by the Army Contracting Command, Detroit Arsenal, MI. Valued at $322.7 million, the contract is expected to be completed by Oct 20, 2026. Work related to this deal will be executed in Sterling Heights, MI; Anniston, AL; and Lima, OH. What's Favoring General Dynamics? In this era of modern warfare, factors like widespr ...

Defense and aerospace companies can be underrated long-term investments. A handful of power players dominate the industry, enjoying competitive advantages thanks to their constant innovation, deep pockets, and strong ties to the U.S. government and its allies. The unfortunate reality is that America's strength protects America but it also creates global tension, which means that defense spending will likely be a priority for the U.S. government for the foreseeable future: The best part? You can own stock in ...

Details of the Deal The options included in this contract, on being exercised, should bring the cumulative value of this contract to $1.13 billion. Nations across the globe are fortifying their defense spending on military weapons and arsenals as they look to strengthen their defense capabilities. This also includes augmented spending on navy ships for enhanced sea warfare capabilities. Notably, General Dynamics' DDG-51 Arleigh Burke-class guided-missile destroyers witness significant demand owing to their ...