GD - General Dynamics gears up for Q4 earnings as possible defense spending cut looms

General Dynamics ( NYSE: GD ) is scheduled to announce Q4 earnings results on Wednesday, January 25th, before market open.

The consensus EPS Estimate is $3.54 (+4.4% Y/Y) and the consensus Revenue Estimate is $10.66B (+3.6% 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 14 downward. Revenue estimates have seen 0 upward revisions and 10 downward.

The U.S. defense contractor in Q3 reported a beat on both earnings and revenue, helped by a jump in aerospace backlog.

Seeking Alpha's Quant ranking places Reston, Va.-based GD at number 17 out of 61 companies in the aerospace and defense industry.

GD's products include its Gulfstream business aircrafts, naval ships, nuclear-powered submarines, oil tankers, and its Stryker combat vehicles.

In Q4, GD's naval engineering unit was awarded a $5.13B modification to a previously awarded contract.

GD stock has slipped recently after reports earlier this month that the U.S. could slash defense spending by about $75B. However, Wells Fargo has said that such a scenario would not have a major impact on GD as the company has significant non-defense businesses.

Read a recent earnings analysis from one of our contributors: General Dynamics: Positive Risk/Reward Going Into Q4 Earnings

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