We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
The latest trading session saw General Dynamics (GD - Free Report) ending at $275.20, denoting a +0.57% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.4%. Elsewhere, the Dow saw an upswing of 0.28%, while the tech-heavy Nasdaq appreciated by 0.39%.
Heading into today, shares of the defense contractor had gained 0.56% over the past month, lagging the Aerospace sector's gain of 10.75% and the S&P 500's gain of 6.69% in that time.
The upcoming earnings release of General Dynamics will be of great interest to investors. The company is predicted to post an EPS of $3.46, indicating a 6.13% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $12.05 billion, up 0.59% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.91 per share and revenue of $50.47 billion. These totals would mark changes of +9.39% and +5.76%, respectively, from last 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. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.03% increase. Currently, General Dynamics is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, General Dynamics is at present trading with a Forward P/E ratio of 18.35. This indicates a discount in contrast to its industry's Forward P/E of 22.42.
It's also important to note that GD currently trades at a PEG ratio of 1.84. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Aerospace - Defense stocks are, on average, holding a PEG ratio of 1.92 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 40, finds itself in the top 17% echelons of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
General Dynamics (GD) Outpaces Stock Market Gains: What You Should Know
The latest trading session saw General Dynamics (GD - Free Report) ending at $275.20, denoting a +0.57% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.4%. Elsewhere, the Dow saw an upswing of 0.28%, while the tech-heavy Nasdaq appreciated by 0.39%.
Heading into today, shares of the defense contractor had gained 0.56% over the past month, lagging the Aerospace sector's gain of 10.75% and the S&P 500's gain of 6.69% in that time.
The upcoming earnings release of General Dynamics will be of great interest to investors. The company is predicted to post an EPS of $3.46, indicating a 6.13% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $12.05 billion, up 0.59% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.91 per share and revenue of $50.47 billion. These totals would mark changes of +9.39% and +5.76%, respectively, from last 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. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.03% increase. Currently, General Dynamics is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, General Dynamics is at present trading with a Forward P/E ratio of 18.35. This indicates a discount in contrast to its industry's Forward P/E of 22.42.
It's also important to note that GD currently trades at a PEG ratio of 1.84. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Aerospace - Defense stocks are, on average, holding a PEG ratio of 1.92 based on yesterday's closing prices.
The Aerospace - Defense industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 40, finds itself in the top 17% echelons of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.