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Stock impact report

Will Segmental Sales Drive General Dynamics (GD) Q1 Earnings? [Yahoo! Finance]

General Dynamics Corporation (GD) 
Last general dynamics corporation earnings: 4/29 07:00 am Check Earnings Report
US:NYSE Investor Relations: investorrelations.gd.com
Company Research Source: Yahoo! Finance
The company delivered an earnings surprise of 3.19% in the last four quarters, on average. The strong revenue performance across all of its business segments is likely to have added impetus to its overall first-quarter top line amid supply chain woes. Aerospace to Post Solid Sales Solid revenues from Gulfstream aircraft order activity, coupled with significant defense contracts won in prior quarters, are likely to have contributed to the overall revenue performance of the Aerospace unit in the to-be-reported quarter. To this end, our model estimates Gulfstream to deliver 26 jets in the first quarter of 2024, suggesting an improvement from GD's first-quarter 2023 delivery of 21 jets. Such higher jet deliveries, along with solid demand for aircraft maintenance work, might have bolstered the Aerospace unit's top line. The Zacks Consensus Estimate for the Aerospace segment's revenues in the first quarter is pegged at $2,336.4 million. This indicates a 23.5% increase from revenues r Show less Read more
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