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General Dynamics (GD) Rises Higher Than Market: Key Facts
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In the latest trading session, General Dynamics (GD - Free Report) closed at $352.50, marking a +1.81% move from the previous day. This move outpaced the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 0.66%, while the tech-heavy Nasdaq added 0.77%.
The defense contractor's shares have seen a decrease of 1.41% over the last month, surpassing the Aerospace sector's loss of 9.67% and the S&P 500's loss of 4.71%.
Market participants will be closely following the financial results of General Dynamics in its upcoming release. The company is forecasted to report an EPS of $3.72, showcasing a 1.64% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $12.63 billion, indicating a 3.32% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $16.6 per share and a revenue of $54.73 billion, indicating changes of +7.37% and +4.14%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for General Dynamics. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.28% rise in the Zacks Consensus EPS estimate. General Dynamics is currently sporting a Zacks Rank of #4 (Sell).
With respect to valuation, General Dynamics is currently being traded at a Forward P/E ratio of 20.86. This represents a discount compared to its industry average Forward P/E of 23.41.
One should further note that GD currently holds a PEG ratio of 2.03. 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. The Aerospace - Defense industry currently had an average PEG ratio of 2.03 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 152, this industry ranks in the bottom 38% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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General Dynamics (GD) Rises Higher Than Market: Key Facts
In the latest trading session, General Dynamics (GD - Free Report) closed at $352.50, marking a +1.81% move from the previous day. This move outpaced the S&P 500's daily gain of 0.54%. Elsewhere, the Dow gained 0.66%, while the tech-heavy Nasdaq added 0.77%.
The defense contractor's shares have seen a decrease of 1.41% over the last month, surpassing the Aerospace sector's loss of 9.67% and the S&P 500's loss of 4.71%.
Market participants will be closely following the financial results of General Dynamics in its upcoming release. The company is forecasted to report an EPS of $3.72, showcasing a 1.64% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $12.63 billion, indicating a 3.32% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $16.6 per share and a revenue of $54.73 billion, indicating changes of +7.37% and +4.14%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for General Dynamics. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.28% rise in the Zacks Consensus EPS estimate. General Dynamics is currently sporting a Zacks Rank of #4 (Sell).
With respect to valuation, General Dynamics is currently being traded at a Forward P/E ratio of 20.86. This represents a discount compared to its industry average Forward P/E of 23.41.
One should further note that GD currently holds a PEG ratio of 2.03. 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. The Aerospace - Defense industry currently had an average PEG ratio of 2.03 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 152, this industry ranks in the bottom 38% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.