General Dynamics (GD) Outperforms Broader Market: What You Need to Know

General Dynamics (GD) closed the most recent trading day at $350.53, moving +2.13% from the previous trading session. This change outpaced the S&P 500's 0.72% gain on the day. At the same time, the Dow added 0.48%, and the tech-heavy Nasdaq gained 1.16%. Prior to today's trading, shares of the defense contractor had lost 5.89% was narrower than the Aerospace sector's loss of 11.19% and lagged the S&P 500's loss of 4.99%.The investment community will be closely monitoring the performance of General Dynamics in its forthcoming earnings report. The company is forecasted to report an EPS of $3.72, showcasing a 1.64% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $12.63 billion, up 3.32% from the year-ago period. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $16.6 per share and revenue of $54.73 billion. These totals would mark changes of +7.37% and +4.14%, respectively, from last year. Investors might also notice recent changes to analyst estimates for General Dynamics. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.28% upward. Currently, General Dynamics is carrying a Zacks Rank of #3 (Hold). In terms of valuation, General Dynamics is presently being traded at a Forward P/E ratio of 20.68. This represents a discount compared to its industry average Forward P/E of 22.8. One should further note that GD currently holds a PEG ratio of 2.01. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. GD's industry had an average PEG ratio of 2.01 as of yesterday's close. The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 37% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions. 5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Dynamics Corporation (GD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks