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General Dynamics (GD) Beats Stock Market Upswing: What Investors Need to Know
GDGeneral Dynamics(GD) ZACKS·2024-11-30 00:16

Group 1 - General Dynamics (GD) closed at 284.01,withadailyincreaseof+0.6284.01, with a daily increase of +0.6%, outperforming the S&P 500's gain of 0.56% [1] - Over the past month, GD shares have decreased by 3.19%, underperforming both the Aerospace sector's gain of 0.36% and the S&P 500's gain of 3.11% [1] Group 2 - General Dynamics is projected to report earnings of 4.50 per share, reflecting a year-over-year growth of 23.63%, with quarterly revenue expected to be 13.57billion,up16.2813.57 billion, up 16.28% from the previous year [2] - For the entire fiscal year, earnings are estimated at 13.98 per share and revenue at $48.02 billion, indicating increases of +16.31% and +13.59% respectively [3] Group 3 - Recent shifts in analyst projections for General Dynamics are important, as positive revisions indicate optimism regarding the company's business and profitability [4] - The Zacks Rank system, which includes estimate changes, has a history of outperforming, with 1 stocks returning an average annual gain of +25% since 1988 [5][6] Group 4 - General Dynamics is currently trading with a Forward P/E ratio of 20.19, which is lower than the industry average of 20.64, indicating a discount [7] - GD has a PEG ratio of 1.71, which is in line with the Aerospace - Defense industry average, and this industry ranks in the bottom 34% of all industries [8]