For the quarter ended December 2022, General Dynamics (GD - Free Report) reported revenue of $10.85 billion, up 5.4% over the same period last year. EPS came in at $3.58, compared to $3.39 in the year-ago quarter.
The reported revenue represents a surprise of +1.66% over the Zacks Consensus Estimate of $10.67 billion. With the consensus EPS estimate being $3.53, the EPS surprise was +1.42%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how General Dynamics performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net sales-Aerospace: $2.45 billion versus $2.61 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -4.3% change.
- Net sales- Technologies: $3.25 billion versus $3.35 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +9.3% change.
- Net sales-Combat Systems: $2.18 billion versus the five-analyst average estimate of $1.92 billion. The reported number represents a year-over-year change of +15.5%.
- Net sales-Marine Systems: $2.97 billion compared to the $2.79 billion average estimate based on five analysts. The reported number represents a change of +3.5% year over year.
- Operating earnings-Aerospace: $337 million compared to the $351.74 million average estimate based on five analysts.
- Operating earnings-Combat Systems: $332 million versus $314.08 million estimated by five analysts on average.
- Operating Earnings- Technologies: $340 million compared to the $349.86 million average estimate based on five analysts.
- Operating earnings-Marine Systems: $237 million versus the five-analyst average estimate of $234.17 million.
- Operating Earnings- Corporate: -$19 million versus the four-analyst average estimate of -$16.93 million.
View all Key Company Metrics for General Dynamics here>>>
Shares of General Dynamics have returned -5.3% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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For the quarter ended December 2022, General Dynamics (GD - Free Report) reported revenue of $10.85 billion, up 5.4% over the same period last year. EPS came in at $3.58, compared to $3.39 in the year-ago quarter.
The reported revenue represents a surprise of +1.66% over the Zacks Consensus Estimate of $10.67 billion. With the consensus EPS estimate being $3.53, the EPS surprise was +1.42%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how General Dynamics performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for General Dynamics here>>>
Shares of General Dynamics have returned -5.3% over the past month versus the Zacks S&P 500 composite's +4.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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