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General Dynamics (GD) Gains As Market Dips: What You Should Know
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General Dynamics (GD - Free Report) closed at $238.13 in the latest trading session, marking a +1.01% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.53%. Elsewhere, the Dow lost 0.29%, while the tech-heavy Nasdaq lost 0.1%.
Prior to today's trading, shares of the defense contractor had gained 10.12% over the past month. This has outpaced the Aerospace sector's gain of 9.44% and the S&P 500's loss of 4.24% in that time.
General Dynamics will be looking to display strength as it nears its next earnings release. In that report, analysts expect General Dynamics to post earnings of $2.53 per share. This would mark year-over-year growth of 2.02%. Our most recent consensus estimate is calling for quarterly revenue of $9.08 billion, down 3.32% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.16 per share and revenue of $39.37 billion, which would represent changes of +5.28% and +2.35%, respectively, from the prior year.
Any recent changes to analyst estimates for General Dynamics should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.06% higher within the past month. General Dynamics is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note General Dynamics's current valuation metrics, including its Forward P/E ratio of 19.38. For comparison, its industry has an average Forward P/E of 18.68, which means General Dynamics is trading at a premium to the group.
Investors should also note that GD has a PEG ratio of 2.01 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Aerospace - Defense industry currently had an average PEG ratio of 2.75 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 113, which puts it in the top 45% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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General Dynamics (GD) Gains As Market Dips: What You Should Know
General Dynamics (GD - Free Report) closed at $238.13 in the latest trading session, marking a +1.01% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.53%. Elsewhere, the Dow lost 0.29%, while the tech-heavy Nasdaq lost 0.1%.
Prior to today's trading, shares of the defense contractor had gained 10.12% over the past month. This has outpaced the Aerospace sector's gain of 9.44% and the S&P 500's loss of 4.24% in that time.
General Dynamics will be looking to display strength as it nears its next earnings release. In that report, analysts expect General Dynamics to post earnings of $2.53 per share. This would mark year-over-year growth of 2.02%. Our most recent consensus estimate is calling for quarterly revenue of $9.08 billion, down 3.32% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.16 per share and revenue of $39.37 billion, which would represent changes of +5.28% and +2.35%, respectively, from the prior year.
Any recent changes to analyst estimates for General Dynamics should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.06% higher within the past month. General Dynamics is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note General Dynamics's current valuation metrics, including its Forward P/E ratio of 19.38. For comparison, its industry has an average Forward P/E of 18.68, which means General Dynamics is trading at a premium to the group.
Investors should also note that GD has a PEG ratio of 2.01 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Aerospace - Defense industry currently had an average PEG ratio of 2.75 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 113, which puts it in the top 45% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.