Earnings from General Dynamics Corporation [GD] are scheduled on April 28, 2021, before the market opens. It is expected that the company will report weak earnings for the quarter ending Mar 2021.
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GD Stock Earnings Outlook For The Current Quarter
The consensus estimates for the quarter suggest that the company would earn $2.3 per share on revenue of $8.88B. Taking a look at the future, the company is projected to report revenue of $9.43B at an earnings per share of $2.62 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 4.30% in revenue and 9.61% in earnings per share for the company.
GD Stock Earnings Forecast For The Current Year
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For the full financial year, General Dynamics Corporation [NYSE:GD] is forecasted to generate revenue of $38.79B. The figure is about $870.0 million above what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $11.1 in 2021, which is $0.1 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 0.90% this year, 9.50% next year, and 4.83% annually over the next five years. With regard to sales, forecasts suggest an incline of 2.30% in current fiscal year and 4.30% over following year.
GD Stock Price Performance
At the close of Tuesday’s session, General Dynamics Corporation [NYSE:GD] finished up 0.38% at $185.89. The stock’s highest single-day price was $187.01, and its lowest was $184.1932. Its price rose 0.99% in the last five days. Since the beginning of the year, General Dynamics Corporation’s shares are up nearly 24.91%. However, the share price is -1.36% below its one year high. The top price reached by the shares of the company was $188.45 on 04/26/21, while the 52-week low came on 01/05/21, when the shares were $144.50. In the past year, shares of the company have risen 38.21%. At 50 days, the moving average achieved is $176.62 while at 200 days, the moving average is $155.40. There were 1.17 million shares traded in the last session, up from 1.17 million in the previous session.
General Dynamics Corporation [NYSE:GD] Stock Valuation Metrics
With a prevailing 12-month PE ratio of 16.90, General Dynamics Corporation [GD] does qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a discount to the industry average of 25.77 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 1.38 PS value ratio is reported for the last one year of reported earnings. This is below the average return 1.60 for the industry, which means GD offers an attractive investment opportunity than its competitors do.
GD Share Price Support And Resistance Levels
Based on the daily chart, the immediate backing lies around the 185.89 level, and the violation of this level will cause a further drop to 184.39 level. At the upper end, 190.02 remains a key resistance. As the stock increases, it may find resistance at 188.51. In the 14-day chart, the Relative Strength Index standing at 61.24 suggests a technical neutral stance while the MACD standing at 1.35 indicates price will increase in the next trading period. Stochastic %K at 71.64% suggests holding the stock while Percent R indicator at 33.82% suggests low price movement.
How do analysts view General Dynamics Corporation?
In regard to the share price forecast for General Dynamics Corporation stock, the analysts, as surveyed by FactSet, forecast the price to reach $180.00 in the next twelve months, representing almost an -3.27% growth from its recent price of $185.89. Among General Dynamics Corporation stock projections, $210.00 is the highest analyst target for the stock, while $143.00 is the lowest. Despite this, 21 analysts who share their consensus rating for GD in 2021 agree that the stock is an Overweight. The latest rating change took place on 4/09/21, when Wolfe Research Ratings downgraded the stock from “Outperform” to “Underperform.”