Will Segmental Sales Drive General Dynamics' (GD) Q2 Earnings?

Core Viewpoint - The upcoming earnings reports for key players in the defense and aerospace industry, including General Dynamics, Lockheed Martin, Huntington Ingalls Industries, and Northrop Grumman, are expected to show solid revenue growth and earnings improvements compared to the previous year. General Dynamics (GD) - The Zacks Consensus Estimate for GD's second-quarter revenues is pegged at $11.48 billion, indicating a 13.1% rise from the year-ago quarter [15] - The Zacks Consensus Estimate for GD's second-quarter earnings is pegged at $3.31 per share, reflecting a 22.6% increase from the prior-year reported figure [16] - GD's backlog is projected to grow by 6.5% year-over-year in the second quarter of 2024, indicating strong demand for its products and services [18] - The Technologies segment's revenues are estimated at $3,268.5 million, suggesting a 1.6% increase from the year-ago quarter [13] - The Marine Systems unit's revenues are expected to reach $3,178.5 million, a 3.9% rise from the previous year [7] - The Combat Systems segment's revenues are estimated at $2,022.8 million, indicating a 5.1% increase from the year-ago quarter [11] - The Aerospace segment's revenues are projected at $3,004.3 million, reflecting a significant 53.8% increase from the previous year [6] Lockheed Martin (LMT) - The Zacks Consensus Estimate for LMT's second-quarter earnings is $6.44 per share, with sales pegged at $17.06 billion [2] - LMT has delivered a four-quarter average earnings surprise of 6.07% [2] Huntington Ingalls Industries (HII) - HII is expected to report second-quarter earnings of $3.59 per share, suggesting a 9.8% improvement from the second-quarter 2023 figure, with sales estimated at $2.84 billion, a 1.9% increase [21] Northrop Grumman (NOC) - The Zacks Consensus Estimate for NOC's second-quarter earnings stands at $5.97 per share, indicating an 11.8% improvement from the previous year, with sales pegged at $10.08 billion, a 5.3% increase [20] Earnings Expectations - The overall revenue growth prospects for the defense and aerospace industry remain bright, driven by strong demand across various segments and improved operational efficiencies [15][16]