- Earnings per Share (EPS) for Q2: $3.26, missing estimates of $3.28 but up from $2.70 YoY.
- Quarterly Revenue: $11.98 billion, beating estimates of $11.45 billion, an 18% increase YoY.
- Technologies Segment:
- Revenue: $3.30 billion, a 2.5% increase YoY, meeting estimates of $3.26 billion.
- Operating Margin: 9.7% vs. 8.8% YoY, above estimates of 9.32%.
- Marine Systems Segment:
- Revenue: $3.45 billion, a 13% increase YoY, surpassing estimates of $3.16 billion.
- Operating Margin: 7.1% vs. 7.7% YoY, below estimates of 7.33%.
- Combat Systems Segment:
- Revenue: $2.29 billion, a 19% increase YoY, exceeding estimates of $2.03 billion.
- Operating Margin: 13.7% vs. 13% YoY, below estimates of 14.1%.
- Aerospace Segment:
- Revenue: $2.94 billion, a 51% increase YoY, in line with estimates of $2.93 billion.
- Operating Margin: 10.9% vs. 12.1% YoY, below estimates of 12.6%.
- Comment: Continued ramp-up in G700 deliveries and increased demand in defense businesses due to threat environment.
- Overall Operating Margin: 9.7% vs. 9.5% YoY, below estimates of 10.2%.
- Analyst Ratings: 20 buy, 7 hold, 0 sell.
A look at General Dynamics Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts at Smartkarma have assigned General Dynamics Corporation a mix of moderate scores across various factors, with the company ranking a 3 in Value, Dividend, Growth, and Resilience, and a slightly higher Momentum score of 4. General Dynamics, a diversified defense company, seems to have a balanced outlook across these key areas, indicating stability and steady performance in the long term.
General Dynamics Corporation, known for its broad portfolio of products and services in defense, business aviation, combat vehicles, shipbuilding, and information systems, appears to hold a steady position in the market according to the Smartkarma Smart Scores. With a focus on resilience and moderate growth potential, coupled with strong momentum, General Dynamics seems poised to maintain its competitive position and navigate future challenges effectively.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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