GD - Aerospace unit performance combat systems sales in focus for General Dynamics Q1 earnings

2023-04-25 15:22:03 ET

General Dynamics ( NYSE: GD ) is scheduled to announce Q1 earnings results on Wednesday, April 26th, before market open.

The consensus EPS Estimate is $2.59 and the consensus Revenue Estimate is $9.3B (-1.1% Y/Y).

Over the last 1 year, GD has beaten EPS estimates 75% of the time and has beaten revenue estimates 25% of the time.

Over the last 3 months, EPS estimates have seen 0 upward revisions and 8 downward. Revenue estimates have seen 0 upward revisions and 5 downward.

The U.S. defense contractor in Q4 posted a top- and bottom-line beat, helped by revenue gains in its marine systems, combat systems and technologies units. It also reported a record order backlog of $91.1B.

A continued rebound in aviation is expected to have helped GD's aerospace business in Q1. Zacks research expects a 3.9% Y/Y jump in the segment. The company's Gulfstream arm is also anticipated to show strength amid increased demand for private planes.

Despite several army contract wins, GD's combat systems sales might be affected in Q1 due to a stronger U.S. dollar.

General Dynamics' ( GD ) other products include naval ships, nuclear-powered submarines, oil tankers, the M1 Abrams tank and its Stryker combat vehicles.

Seeking Alpha's Quant ranking places Reston, Va.-based GD at number 31 out of 63 companies in the aerospace and defense industry.

Also read a recent analysis on GD from Seeking Alpha contributor Mark Roussin: General Dynamics: A Defensive Name With Strong Demand .

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