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General Dynamics (GD) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, General Dynamics (GD - Free Report) closed at $215.19, marking a -0.27% move from the previous day. This change lagged the S&P 500's 0.2% loss on the day. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq lost 9.78%.
Prior to today's trading, shares of the defense contractor had gained 2.36% over the past month. This has lagged the Aerospace sector's gain of 6.33% and the S&P 500's gain of 4.16% in that time.
Investors will be hoping for strength from General Dynamics as it approaches its next earnings release. In that report, analysts expect General Dynamics to post earnings of $2.63 per share. This would mark a year-over-year decline of 4.36%. Meanwhile, our latest consensus estimate is calling for revenue of $9.45 billion, up 2.84% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.65 per share and revenue of $41.33 billion, which would represent changes of +3.77% and +4.88%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for General Dynamics. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 0.09% lower within the past month. General Dynamics is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, General Dynamics is holding a Forward P/E ratio of 17.05. This valuation marks a premium compared to its industry's average Forward P/E of 16.58.
It is also worth noting that GD currently has a PEG ratio of 1.91. 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 1.86 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 161, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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General Dynamics (GD) Dips More Than Broader Markets: What You Should Know
In the latest trading session, General Dynamics (GD - Free Report) closed at $215.19, marking a -0.27% move from the previous day. This change lagged the S&P 500's 0.2% loss on the day. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq lost 9.78%.
Prior to today's trading, shares of the defense contractor had gained 2.36% over the past month. This has lagged the Aerospace sector's gain of 6.33% and the S&P 500's gain of 4.16% in that time.
Investors will be hoping for strength from General Dynamics as it approaches its next earnings release. In that report, analysts expect General Dynamics to post earnings of $2.63 per share. This would mark a year-over-year decline of 4.36%. Meanwhile, our latest consensus estimate is calling for revenue of $9.45 billion, up 2.84% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.65 per share and revenue of $41.33 billion, which would represent changes of +3.77% and +4.88%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for General Dynamics. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 0.09% lower within the past month. General Dynamics is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, General Dynamics is holding a Forward P/E ratio of 17.05. This valuation marks a premium compared to its industry's average Forward P/E of 16.58.
It is also worth noting that GD currently has a PEG ratio of 1.91. 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 1.86 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 161, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.