Why General Dynamics (GD) Could Beat Earnings Estimates Again

Core Insights - General Dynamics (GD) has consistently beaten earnings estimates and is well-positioned for future earnings reports [1][5] - The average surprise for the last two quarters was 4.10%, with specific surprises of 4.02% and 4.18% in the last two quarters [2][5] Earnings Performance - For the last reported quarter, General Dynamics earned $3.88 per share, exceeding the Zacks Consensus Estimate of $3.73 per share [2] - In the previous quarter, the company reported earnings of $3.74 per share against an expectation of $3.59 per share [2] Earnings Estimates and Predictions - Estimates for General Dynamics have been trending higher due to its history of earnings surprises [5] - The company currently has an Earnings ESP of +1.11%, indicating a bullish outlook from analysts [8] - A positive Earnings ESP combined with a Zacks Rank of 3 (Hold) suggests a strong possibility of another earnings beat [8] Statistical Insights - Stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [6] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [7]