For the quarter ended September 2024, General Dynamics (GD) reported revenue of $11.67 billion, up 10.4% over the same period last year. EPS came in at $3.35, compared to $3.04 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $11.72 billion, representing a surprise of -0.38%. The company delivered an EPS surprise of -5.37%, with the consensus EPS estimate being $3.54.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

General Dynamics (GD) came out with quarterly earnings of $3.35 per share, missing the Zacks Consensus Estimate of $3.54 per share. This compares to earnings of $3.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.37%. A quarter ago, it was expected that this defense contractor would post earnings of $3.30 per share when it actually produced earnings of $3.26, delivering a surprise of -1.21%.Over the last four quarters, th ...

The upcoming report from General Dynamics (GD) is expected to reveal quarterly earnings of $3.54 per share, indicating an increase of 16.5% compared to the year-ago period. Analysts forecast revenues of $11.77 billion, representing an increase of 11.4% year over year. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior ...

Core Viewpoint - General Dynamics Corporation (GD) is expected to report strong third-quarter 2024 results, driven by solid revenue growth across its business segments and lower interest expenses [1][6]. Group 1: Revenue Performance by Segment - The Aerospace unit is projected to achieve revenues of $3,055.1 million, reflecting a 50.3% increase from the previous year, bolstered by deliveries of new Gulfstream jets and increased demand for aircraft maintenance services [2]. - The Marine Systems unit's revenues are estimated at $3,438.5 million, indicating a 14.5% rise year-over-year, supported by increased sales from major submarine programs [3]. - The Technologies unit is expected to generate revenues of $3,335.6 million, a 0.7% increase from the prior year, driven by strong demand for IT services and the transition to new programs [5]. - The Combat Systems unit is likely to see revenue growth due to increased sales of wheeled combat vehicles and expanded facilities for weapons systems [4]. Group 2: Overall Financial Expectations - The overall revenue for GD in the third quarter is estimated at $11.91 billion, representing a 12.7% increase from the same quarter last year, indicating strong top-line growth prospects [6]. - The earnings per share (EPS) estimate for the third quarter is $3.61, which marks an 18.8% increase compared to the previous year [6]. Group 3: Backlog and Earnings Prediction - GD's backlog is projected to decline by 2.6% year-over-year, suggesting potential challenges in securing new contracts [5]. - The current model indicates that GD may not conclusively predict an earnings beat, with an Earnings ESP of -7.57% and a Zacks Rank of 3 [7].

U.S. elections have an outsized effect on the stock market. The results are always catalysts, and the policies supported by the candidate who ends up winning the presidency, as well as the final composition of the House of Representatives, tend to favor some sectors more so than others. However, mounting tensions with China, increasingly considered a near-peer in terms of defense, as well as current tensions in the Middle East, have led both parties and their candidates to adopt largely similar stances on d ...

Group 1: Government Contracts and Market Opportunities - The data available to investors includes companies receiving new government contracts, indicating expected higher demand for their services and products [2] - General Dynamics has secured a government contract worth up to $614 million, driven by escalating conflicts in the Middle East [3] - Lockheed Martin has been awarded a government contract of up to $599 million, highlighting its importance in national security [9] Group 2: Analyst Ratings and Stock Valuations - Analysts have upgraded General Dynamics stock, projecting a price target of $317 per share, reflecting a 6.7% upside [4] - Morgan Stanley has a bullish outlook on General Dynamics, estimating a price target of $345 per share, implying a 16.5% upside [5] - Lockheed Martin is also rated as a "Moderate Buy" with a price target of $675 per share, suggesting a 12% upside from current trading levels [8] Group 3: Earnings Projections and Growth - General Dynamics is projected to achieve earnings per share (EPS) of $4.22 in the next 12 months, a 29.5% increase from the current $3.26 [6] - Lockheed Martin's projected earnings growth is estimated at 8.26%, with strong dividend strength and healthy short interest levels [8] - Oracle has received up to $358.6 million in government grants, with a projected earnings growth of 15% [11] Group 4: Market Sentiment and Stock Performance - The overall market sentiment for General Dynamics and Lockheed Martin is bullish, with both stocks trading near their 52-week highs [7][10] - Oracle's stock is rated as a "Moderate Buy" with a price target of $202 per share, indicating a potential 17% upside [12][13] - The current geopolitical climate is driving investor interest in defense and cybersecurity stocks, positioning them favorably in the market [2][11]

These two dividend growth stocks are perfect candidates for a long-term portfolio. While growth stocks have commanded the spotlight since the 2008 financial crisis, dividend-paying equities have quietly dominated U.S. stock returns since 1900. The secret weapon? Compounding. Companies that consistently increase dividends, known as "dividend growers," often outperform the benchmark S&P 500 over five- to 10-year periods. These stocks typically feature strong fundamentals, proven business models, and managemen ...

FALLS CHURCH, Va., Sept. 19, 2024 /PRNewswire/ -- General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today that it was awarded a $299 million contract to continue supporting the Pentagon's network infrastructure. The contract, awarded by the Defense Information Systems Agency (DISA) through the Joint Service Provider Enterprise Transport Management-Next Generation (JSP ETM-NG) program, has a one-year base period and two six-month options. General Dynamic ...

Strong growth from these two industry giants should continue to reward shareholders. Investors looking to add some firepower to their portfolios should pay attention to the aerospace and defense industry. Beyond the several geopolitical conflicts adding a tailwind of demand, a bigger industry development may be the ongoing shift toward more high-tech solutions. Companies capitalizing on this "defense tech" theme are well-positioned to deliver positive returns. Here are two outperforming stocks that could be ...

General Dynamics (GD) closed the most recent trading day at $294.35, moving -0.19% from the previous trading session. This change lagged the S&P 500's daily loss of 0.16%. On the other hand, the Dow registered a gain of 0.09%, and the technology-centric Nasdaq decreased by 0.3%. Heading into today, shares of the defense contractor had gained 3.34% over the past month, lagging the Aerospace sector's gain of 3.61% and the S&P 500's gain of 3.64% in that time. The investment community will be closely monitorin ...