We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
General Dynamics (GD) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
General Dynamics (GD - Free Report) reported $10.57 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 6%. EPS of $3.04 for the same period compares to $3.26 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $9.94 billion, representing a surprise of +6.39%. The company delivered an EPS surprise of +5.92%, with the consensus EPS estimate being $2.87.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 27 versus 34 estimated by three analysts on average.
Gulfstream Aircraft Deliveries - Mid-cabin aircraft: 5 versus the three-analyst average estimate of 9.
Gulfstream Aircraft Deliveries - Large-cabin aircraft: 22 versus 25 estimated by three analysts on average.
Revenue- Technologies: $3.31 billion compared to the $2.98 billion average estimate based on six analysts. The reported number represents a change of +7.9% year over year.
Revenue- Marine Systems: $3 billion compared to the $2.79 billion average estimate based on six analysts. The reported number represents a change of +8.4% year over year.
Revenue- Combat Systems: $2.22 billion compared to the $1.89 billion average estimate based on six analysts. The reported number represents a change of +24.4% year over year.
Revenue- Aerospace: $2.03 billion compared to the $2.23 billion average estimate based on six analysts. The reported number represents a change of -13.4% year over year.
Operating earnings- Aerospace: $268 million versus $298.36 million estimated by five analysts on average.
Operating earnings- Combat Systems: $300 million versus the five-analyst average estimate of $270.52 million.
Operating earnings- Technologies: $315 million versus $273.02 million estimated by five analysts on average.
Operating earnings- Marine Systems: $211 million compared to the $221.46 million average estimate based on five analysts.
Operating earnings- Corporate: -$37 million versus -$70.77 million estimated by four analysts on average.
Shares of General Dynamics have returned +6.8% over the past month versus the Zacks S&P 500 composite's -1.6% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
General Dynamics (GD) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
General Dynamics (GD - Free Report) reported $10.57 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 6%. EPS of $3.04 for the same period compares to $3.26 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $9.94 billion, representing a surprise of +6.39%. The company delivered an EPS surprise of +5.92%, with the consensus EPS estimate being $2.87.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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: 27 versus 34 estimated by three analysts on average.
- Gulfstream Aircraft Deliveries - Mid-cabin aircraft: 5 versus the three-analyst average estimate of 9.
- Gulfstream Aircraft Deliveries - Large-cabin aircraft: 22 versus 25 estimated by three analysts on average.
- Revenue- Technologies: $3.31 billion compared to the $2.98 billion average estimate based on six analysts. The reported number represents a change of +7.9% year over year.
- Revenue- Marine Systems: $3 billion compared to the $2.79 billion average estimate based on six analysts. The reported number represents a change of +8.4% year over year.
- Revenue- Combat Systems: $2.22 billion compared to the $1.89 billion average estimate based on six analysts. The reported number represents a change of +24.4% year over year.
- Revenue- Aerospace: $2.03 billion compared to the $2.23 billion average estimate based on six analysts. The reported number represents a change of -13.4% year over year.
- Operating earnings- Aerospace: $268 million versus $298.36 million estimated by five analysts on average.
- Operating earnings- Combat Systems: $300 million versus the five-analyst average estimate of $270.52 million.
- Operating earnings- Technologies: $315 million versus $273.02 million estimated by five analysts on average.
- Operating earnings- Marine Systems: $211 million compared to the $221.46 million average estimate based on five analysts.
- Operating earnings- Corporate: -$37 million versus -$70.77 million estimated by four analysts on average.
View all Key Company Metrics for General Dynamics here>>>Shares of General Dynamics have returned +6.8% over the past month versus the Zacks S&P 500 composite's -1.6% 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.