- General Dynamics (GD, Financial) surpassed earnings and revenue expectations in its first quarter.
- Analysts forecast a modest upside for the stock with a current average price target of $288.88.
- GuruFocus estimates suggest a potential 9.96% upside based on the GF Value metric.
General Dynamics (GD) reported impressive first-quarter results, with GAAP earnings per share of $3.66, exceeding consensus estimates by $0.20. The company's revenue surged to $12.22 billion, marking a 13.9% increase compared to the same quarter last year, and outperformed expectations by $280 million. A standout performance came from the Aerospace segment, with earnings skyrocketing by 69.4%. Moreover, the company secured total orders amounting to $10.2 billion, reinforcing a formidable backlog of $88.7 billion.
Wall Street Analysts Forecast
Market analysts have set a one-year price target for General Dynamics Corp (GD, Financial), with an average target price standing at $288.88. Price targets range from a high of $345.00 to a low of $230.00. This average target suggests a potential upside of 5.12% from its current trading price of $274.80. For more in-depth forecast data, visit the General Dynamics Corp (GD) Forecast page.
Furthermore, consensus insights from 25 brokerage firms rate General Dynamics Corp's (GD, Financial) stock at an average brokerage recommendation of 2.4, indicating an "Outperform" status. This recommendation scale spans from 1 (Strong Buy) to 5 (Sell).
GuruFocus Valuation
According to GuruFocus estimates, the projected GF Value of General Dynamics Corp (GD, Financial) in one year is $302.16. This valuation implies a considerable upside of 9.96% from the current price of $274.80. The GF Value is a unique metric reflecting the fair value at which the stock should trade, calculated using historical trading multiples, past business growth, and future performance projections. For a more comprehensive overview, explore the General Dynamics Corp (GD) Summary page.
