These Major Defense Stocks Announce Important Earnings This Week

General Dynamics Corp (NYSE:GD) will unveil its latest earnings on Wednesday, October 26, 2011. 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.

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

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).

Lockheed Martin Corp (NYSE:LMT) will unveil its latest earnings on Wednesday, October 26, 2011. The average estimate of analysts is for profit of $1.81 per share, a rise of 16.8% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from $1.78. Between one and three months ago, the average estimate moved up. It has risen from $1.80 during the last month. For the year, analysts are projecting net income of $7.55 per share, a rise of 4% from last year.

The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of $2.06 per share versus a mean estimate of net income of $1.94 per share. Analysts are projecting a rise of 3.1% in revenue from the year-earlier quarter to $11.73 billion.

Competitors to Watch: Astrotech Corp. (NASDAQ:ASTC), The Boeing Company (NYSE:BA), Northrop Grumman Corp. (NYSE:NOC), General Dynamics Corp. (NYSE:GD), OHB Technology AG (OHB), Alliant Techsystems Inc. (NYSE:ATK), Raytheon Company (NYSE:RTN), RKK Energiya im. S.P.Koroleva OAO (RKKE), Duks OAO (DUKS), and Kirovskiy zavod Mayak OAO (KZMK).

More from The Cheat Sheet