General Dynamics Corp Second Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component General Dynamics Corp (NYSE:GD) will unveil its latest earnings on Wednesday, July 27, 2011. General Dynamics Corp. offers products and services in business aviation, combat vehicles, weapons systems and munitions as well as information systems, technologies and services.

General Dynamics Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of $1.73 per share, a rise of 3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down, but has risen from $1.72 during the last month. For the year, analysts are projecting net income of $7.13 per share, a rise of 4.5% from last year.

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Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 2 cents, reporting profit of $1.64 per share against a mean estimate of net income of $1.62 per share.

Wall St. Revenue Expectations: On average, analysts predict $8.24 billion in revenue this quarter, a rise of 1.7% from the year ago quarter. Analysts are forecasting total revenue of $33.66 billion for the year, a rise of 3.7% from last year’s revenue of $32.47 billion.

Analyst Ratings: Analysts are bullish on this stock with 17 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 3.5% while it rose 18.7% in the fourth quarter of the last fiscal year and 13.6% in the third quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue increased 0.6% to $7.8 billion in first quarter. The figure rose 8.9% in the fourth quarter of the last fiscal year from the year earlier, climbed 3.8% in the third quarter of the last fiscal year from the year-ago quarter and 0% in the second quarter of the last fiscal year.

Competitors to Watch: Northrop Grumman Corp. (NYSE:NOC), Raytheon Company (NYSE:RTN), The Boeing Company (NYSE:BA), Lockheed Martin Corp. (NYSE:LMT), ITT Corporation (NYSE:ITT), FLIR Systems, Inc. (NASDAQ:FLIR), Rockwell Collins, Inc. (NYSE:COL), Alliant Techsystems Inc. (NYSE:ATK), Cubic Corporation (NYSE:CUB), and Kratos Defense & Security Solutions, Inc (NASDAQ:KTOS).

Stock Price Performance: During June 22, 2011 to July 21, 2011, the stock price had dropped $1.32 (-1.8%) from $72.89 to $71.57. The stock price saw one of its best stretches over the last year between June 10, 2011 and June 21, 2011 when shares rose for eight-straight days, rising 5.8% (+$4) over that span. It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight-straight days, falling 8.1% (-$6.14) over that span. Shares are up $1.92 (+2.8%) year to date.

(Source: Xignite Financials)

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