General Dynamics Blows Away Q3 Earnings and Revenue Expectations
April 27, 2023
Trending News ☀️
With a reported GAAP EPS of $2.64, the company has surpassed the consensus analyst estimate of $2.58 by $0.06. The revenue was also higher than expected at $9.9B, exceeding the forecasted amount by $600M. General Dynamics ($NYSE:GD) is a U.S.-based global aerospace and defense company, offering a broad portfolio of products and services in business aviation, combat vehicles, weapons systems and munitions, information technology solutions, mission-critical digital solutions, mission systems, and space. With the current outlook being favorable for its core businesses, General Dynamics is well-positioned to continue its impressive performance in the coming quarters.
Share Price
General Dynamics blew away their third-quarter earnings and revenue expectations on Wednesday, despite the stock dropping 3.6% from its previous closing price of 222.7. The stock opened at $216.5 and closed at $214.8, showing a slight decline. This is a significant increase from the same period of last year, and a testament to General Dynamics’s strong financial performance in recent years. Looking ahead, the company is expecting to continue its positive performance for the remainder of the year and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for General Dynamics. More…
| Total Revenues | Net Income | Net Margin |
| 39.9k | 3.39k | 8.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for General Dynamics. More…
| Operations | Investing | Financing |
| 4.07k | -1.53k | -3.43k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for General Dynamics. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 52.1k | 33.01k | 69.48 |
Key Ratios Snapshot
Some of the financial key ratios for General Dynamics are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.9% | -2.5% | 11.2% |
| FCF Margin | ROE | ROA |
| 7.4% | 14.8% | 5.3% |
Analysis
At GoodWhale, we recently conducted an analysis of the fundamentals of GENERAL DYNAMICS. Based on Star Chart we have classified it as a ‘cow’, a type of company that has a track record of paying out consistent and sustainable dividends. This makes it attractive to a certain type of investor who is seeking stability and reliable returns over time. In terms of its health score, GENERAL DYNAMICS scored 8 out of 10, which is a good indication that it is capable to safely ride out any crisis without the risk of bankruptcy. Moreover, when it comes to its fundamentals, GENERAL DYNAMICS is strong in dividend and profitability, medium in asset and weak in growth. Overall, GENERAL DYNAMICS is a reliable long-term stock offering steady returns for investors looking for stability and consistent dividend payments. More…
Peers
General Dynamics Corp is one of the world’s leading aerospace and defense companies. It designs, develops, manufactures and supports a wide variety of products for both military and commercial customers. The company has a strong competitive position in many of its businesses, including aircraft, missiles, information technology, shipbuilding and submarines. Its main competitors are Lockheed Martin Corp, Northrop Grumman Corp, Aerojet Rocketdyne Holdings Inc.
– Lockheed Martin Corp ($NYSE:LMT)
Lockheed Martin Corp is a global security and aerospace company. It is principally engaged in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. The company has a market cap of 115.3B as of 2022 and a Return on Equity of 40.32%. Lockheed Martin is a leading provider of technology solutions for the defense, space, and security industries. The company’s products and services include air and missile defense systems, radar systems, electronic warfare systems, and satellite communications systems.
– Northrop Grumman Corp ($NYSE:NOC)
Northrop Grumman Corporation is an American global aerospace and defense technology company formed by the merger of Northrop Corporation and Grumman Corporation on January 6, 1996. The company has a market cap of 79.04B as of 2022 and a Return on Equity of 34.54%. Northrop Grumman is a leading supplier of military aircraft, satellites, and other defense systems. The company also provides a variety of other products and services, including security systems, information technology solutions, and engineering services.
– Aerojet Rocketdyne Holdings Inc ($NYSE:AJRD)
Aerojet Rocketdyne Holdings Inc is a holding company for Aerojet Rocketdyne, Inc, a leading aerospace and defense company. The company’s market cap as of 2022 was 3.5 billion, and its ROE was 21.2%. The company’s products include rockets, missiles, and propulsion systems for both military and civilian applications.
Summary
General Dynamics is a company that provides advanced technology solutions for the aerospace, defense and security industries. The company recently reported its second quarter earnings, which beat analysts’ expectations. Its reported GAAP EPS of $2.64 beat the consensus estimate by $0.06, while total revenue of $9.9B beat forecasts by $600M. Despite the strong results, the stock price decreased on the same day.
Analysts attribute this to the fact that investors had already priced in the good results, thus leading to a decrease in the stock price. In conclusion, the strong financial results are a positive development for General Dynamics, however investors should remain mindful of the stock’s current valuation before investing in the company.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
