Falls Church, VA based General Dynamics Corporation (GD - Free Report) is one of the two contractors equipped to build nuclear-powered submarines. The company is well-renowned for the Virginia-class submarines and its Gulfstream aircraft.
General Dynamics boasts a strong position in the U.S. defense space as well as overseas. The recent budgetary amendments in the United States have been in favor of the company’s business line.
Surprise History
Coming to the earnings surprise, General Dynamics has surpassed the Zacks Consensus Estimate in last four quarters, resulting in average positive surprise of 4.02%.
Zacks Rank
Currently, General Dynamics has a Zacks Rank #3 (Hold), but that could change following General Dynamics’ first-quarter earnings report which was just released. You can see see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings Beat
General Dynamics reported better-than-expected earnings during the first quarter. Its earnings per share came in at $2.65 surpassing the Zacks Consensus Estimate of $2.47 by 7.3%.
Revenue Miss
General Dynamics posted revenues of $7,535 million in first quarter, compared with Zacks Consensus Estimate of $7,543 million. However, total revenues were up 1.3% year over year.
Key Developments
Total backlog at the end of the first quarter was $62.1 billion.
Stock Price
It would be interesting to see how the market reacts to the positive earnings surprise during the trading session today.
Check back later for our full write up on this General Dynamics earnings report later!
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Click here to see them >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Falls Church, VA based General Dynamics Corporation (GD - Free Report) is one of the two contractors equipped to build nuclear-powered submarines. The company is well-renowned for the Virginia-class submarines and its Gulfstream aircraft.
General Dynamics boasts a strong position in the U.S. defense space as well as overseas. The recent budgetary amendments in the United States have been in favor of the company’s business line.
Surprise History
Coming to the earnings surprise, General Dynamics has surpassed the Zacks Consensus Estimate in last four quarters, resulting in average positive surprise of 4.02%.
Zacks Rank
Currently, General Dynamics has a Zacks Rank #3 (Hold), but that could change following General Dynamics’ first-quarter earnings report which was just released. You can see see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here
We have mentioned below some of the vital information from this just-revealed announcement:
Earnings Beat
General Dynamics reported better-than-expected earnings during the first quarter. Its earnings per share came in at $2.65 surpassing the Zacks Consensus Estimate of $2.47 by 7.3%.
Revenue Miss
General Dynamics posted revenues of $7,535 million in first quarter, compared with Zacks Consensus Estimate of $7,543 million. However, total revenues were up 1.3% year over year.
Key Developments
Total backlog at the end of the first quarter was $62.1 billion.
Stock Price
It would be interesting to see how the market reacts to the positive earnings surprise during the trading session today.
Check back later for our full write up on this General Dynamics earnings report later!
Investor Alert: Breakthroughs Pending
A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.
Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.
Click here to see them >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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