General Dynamics Corporation (GD, Financial) has reported first-quarter revenue of $12.2 billion, exceeding market expectations set at $11.94 billion. The company's performance highlights robust growth across all four of its business segments compared to the previous year.
The Aerospace segment was notably strong, achieving a revenue surge of 45.2% and an impressive 69.4% rise in operating earnings. Additionally, the segment's margins expanded by 210 basis points, reaching 14.3%. This growth is attributed to increased production efficiency in their new aircraft lines, driving significant profitability improvements.
The overall positive trajectory indicates steady development and enhanced operational performance in General Dynamics' defense portfolio, reinforcing the company's competitive edge in the aerospace industry.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for General Dynamics Corp (GD, Financial) is $288.88 with a high estimate of $345.00 and a low estimate of $230.00. The average target implies an upside of 5.12% from the current price of $274.80. More detailed estimate data can be found on the General Dynamics Corp (GD) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, General Dynamics Corp's (GD, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for General Dynamics Corp (GD, Financial) in one year is $302.16, suggesting a upside of 9.96% from the current price of $274.8. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the General Dynamics Corp (GD) Summary page.
