Insights Ahead: General Dynamics's Quarterly Earnings

General Dynamics (NYSE:GD) is set to give its latest quarterly earnings report on Wednesday, 2024-10-23. Here's what investors need to know before the announcement.

Analysts estimate that General Dynamics will report an earnings per share (EPS) of $3.62.

General Dynamics bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Earnings Track Record

Last quarter the company missed EPS by $0.01, which was followed by a 2.22% increase in the share price the next day.

Here's a look at General Dynamics's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

3.27

2.93

3.68

2.91

EPS Actual

3.26

2.88

3.64

3.04

Price Change %

2.0%

1.0%

2.0%

-1.0%

General Dynamics Share Price Analysis

Shares of General Dynamics were trading at $308.08 as of October 21. Over the last 52-week period, shares are up 26.1%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analyst Insights on General Dynamics

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on General Dynamics.

The consensus rating for General Dynamics is Outperform, derived from 10 analyst ratings. An average one-year price ...