General Dynamics (GD - Free Report) reported $11.67 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 7.5%. EPS of $3.64 for the same period compares to $3.58 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $11.54 billion, representing a surprise of +1.09%. The company delivered an EPS surprise of -0.55%, with the consensus EPS estimate being $3.66.
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:
- Gulfstream Aircraft Deliveries - Total: 39 versus the three-analyst average estimate of 43.
- Gulfstream Aircraft Deliveries - Mid-cabin aircraft: 7 versus the three-analyst average estimate of 8.
- Gulfstream Aircraft Deliveries - Large-cabin aircraft: 32 versus the three-analyst average estimate of 35.
- Revenue- Technologies: $3.15 billion compared to the $3.15 billion average estimate based on five analysts. The reported number represents a change of -3.1% year over year.
- Revenue- Marine Systems: $3.41 billion versus $2.98 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +14.8% change.
- Revenue- Combat Systems: $2.36 billion versus $2.19 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +8.5% change.
- Revenue- Aerospace: $2.74 billion compared to the $3.20 billion average estimate based on five analysts. The reported number represents a change of +12% year over year.
- Operating earnings- Aerospace: $449 million versus $502.21 million estimated by four analysts on average.
- Operating earnings- Combat Systems: $351 million versus the four-analyst average estimate of $319.02 million.
- Operating earnings- Technologies: $305 million compared to the $314.49 million average estimate based on four analysts.
- Operating earnings- Marine Systems: $217 million versus the four-analyst average estimate of $233.10 million.
- Operating earnings- Corporate: -$34 million versus the three-analyst average estimate of -$26.88 million.
View all Key Company Metrics for General Dynamics here>>>Shares of General Dynamics have returned -2.7% over the past month versus the Zacks S&P 500 composite's +2.4% 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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General Dynamics (GD - Free Report) reported $11.67 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 7.5%. EPS of $3.64 for the same period compares to $3.58 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $11.54 billion, representing a surprise of +1.09%. The company delivered an EPS surprise of -0.55%, with the consensus EPS estimate being $3.66.
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:
- Gulfstream Aircraft Deliveries - Total: 39 versus the three-analyst average estimate of 43.
- Gulfstream Aircraft Deliveries - Mid-cabin aircraft: 7 versus the three-analyst average estimate of 8.
- Gulfstream Aircraft Deliveries - Large-cabin aircraft: 32 versus the three-analyst average estimate of 35.
- Revenue- Technologies: $3.15 billion compared to the $3.15 billion average estimate based on five analysts. The reported number represents a change of -3.1% year over year.
- Revenue- Marine Systems: $3.41 billion versus $2.98 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +14.8% change.
- Revenue- Combat Systems: $2.36 billion versus $2.19 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +8.5% change.
- Revenue- Aerospace: $2.74 billion compared to the $3.20 billion average estimate based on five analysts. The reported number represents a change of +12% year over year.
- Operating earnings- Aerospace: $449 million versus $502.21 million estimated by four analysts on average.
- Operating earnings- Combat Systems: $351 million versus the four-analyst average estimate of $319.02 million.
- Operating earnings- Technologies: $305 million compared to the $314.49 million average estimate based on four analysts.
- Operating earnings- Marine Systems: $217 million versus the four-analyst average estimate of $233.10 million.
- Operating earnings- Corporate: -$34 million versus the three-analyst average estimate of -$26.88 million.
View all Key Company Metrics for General Dynamics here>>>Shares of General Dynamics have returned -2.7% over the past month versus the Zacks S&P 500 composite's +2.4% 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.
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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