Summary:
- General Dynamics (GD, Financial) experienced a 3.5% share increase in premarket trading following strong Q2 results.
- The company reported $13 billion in revenue, marking an 8.9% YOY growth, with EPS up by 14.7% at $3.74.
- Marine and aerospace sectors propelled growth, supported by a significant $103.7 billion backlog.
General Dynamics (GD) reported robust second-quarter results, sparking a 3.5% rise in its shares during premarket trading. The aerospace and defense leader posted impressive revenue figures, with total revenue reaching $13 billion, reflecting an 8.9% increase year-over-year. Earnings per share saw a significant uptick of 14.7%, settling at $3.74. The company's strong performance was mainly fueled by substantial growth in the marine and aerospace sectors, complemented by a considerable backlog valued at $103.7 billion. Furthermore, General Dynamics reported operating cash flow of $1.6 billion, which has facilitated debt reduction and enhanced shareholder returns.
Wall Street Analysts Forecast
Analysts have set one-year price targets for General Dynamics Corp (GD, Financial), with an average target price of $307.29. The high estimate reaches $348.00, while the low estimate is at $261.00. The average target suggests an upside potential of 3.26% from the current price of $297.60. For more detailed estimates, visit the General Dynamics Corp (GD) Forecast page.
With input from 24 brokerage firms, the consensus recommendation for General Dynamics Corp (GD, Financial) is an average rating of 2.5, indicating an "Outperform" status. This rating is based on a scale from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Sell.
The estimated GF Value for General Dynamics Corp (GD, Financial) stands at $314.26 for the next year. This estimate suggests a potential upside of 5.6% from the current price of $297.6. The GF Value is GuruFocus' projection of the fair value at which the stock should trade, calculated from historical trading multiples, previous business growth, and future performance estimates. Further details are accessible on the General Dynamics Corp (GD) Summary page.
