Earnings To Watch: General Dynamics (GD) Reports Q1 Results Tomorrow

StockStory
04-22
Earnings To Watch: General Dynamics (GD) Reports Q1 Results Tomorrow

Aerospace and defense company General Dynamics (NYSE:GD) will be reporting earnings tomorrow before the bell. Here’s what to look for.

General Dynamics beat analysts’ revenue expectations by 3.4% last quarter, reporting revenues of $13.34 billion, up 14.3% year on year. It was a strong quarter for the company, with a solid beat of analysts’ backlog estimates and a decent beat of analysts’ EPS estimates.

Is General Dynamics a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting General Dynamics’s revenue to grow 11.8% year on year to $12 billion, improving from the 8.6% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.48 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. General Dynamics has missed Wall Street’s revenue estimates three times over the last two years.

Looking at General Dynamics’s peers in the defense contractors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. RTX delivered year-on-year revenue growth of 5.2%, beating analysts’ expectations by 1.7%, and Lockheed Martin reported revenues up 4.5%, topping estimates by 1.1%.

Read our full analysis of RTX’s results here and Lockheed Martin’s results here.

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. We prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10