General Dynamics Corp Third Quarter Earnings on Horizon

S&P 500 (NYSE:SPY) component General Dynamics Corp (NYSE:GD) will unveil its latest earnings on Wednesday, October 26, 2011. General Dynamics 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 net income of $1.77 per share, a rise of 4.1% 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 was unchanged. It also has not changed during the last month. For the year, analysts are projecting profit of $7.20 per share, a rise of 5.6% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by 6 cents, coming in at net income of $1.79 a share versus the estimate of profit of $1.73 a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 3.7% in revenue from the year-earlier quarter to $8.31 billion.

Analyst Ratings: Analysts are bullish on this stock with 14 analysts rating it as a buy, none rating it as a sell and six rating it as a hold.

A Look Back: In the second quarter, profit rose 0.8% to $653 million ($1.76 a share) from $648 million ($1.67 a share) the year earlier, exceeding analyst expectations. Revenue fell 2.8% to $7.88 billion from $8.1 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 3.5% in the first quarter and 18.7% in the fourth quarter of the last fiscal year.

A year-over-year revenue decrease in the second quarter snapped a streak of three consecutive quarters of revenue increases. Revenue rose 0.6%in the first quarter, 8.9% in the fourth quarter of the last fiscal year and 3.8% in the third 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 September 22, 2011 to October 20, 2011, the stock price had risen $7.74 (14%) from $55.41 to $63.15. 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% (+$3.97) 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% (-$6.09) over that span. Shares are down $5.93 (-8.6%) year to date.

(Source: Xignite Financials)

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