General Dynamics Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
General Dynamics Corporation (NYSE:GD) will release its financial results for the second quarter, before the opening bell on Wednesday, July 24.
Analysts expect the Reston, Virginia-based company to report quarterly earnings at $3.27 per share, up from $2.7 per share in the year-ago period. General Dynamics is expected to post revenue of $11.44 billion, compared to $10.15 billion a year earlier, according to data from Benzinga Pro.
The company's business unit, Bath Iron Works, last month, clinched a contract to provide planning yard services for its DDG 51 guided-missile destroyer ships.
General Dynamics shares gained 1.1% to close at $294.46 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.
- Morgan Stanley analyst Kristine Liwag maintained an Equal-Weight rating and raised the price target from $271 to $293 on July 15. This analyst has an accuracy rate of 68%.
- Baird analyst Peter Arment maintained an Outperform rating with a price target of $345 on July 2. This analyst has an accuracy rate of 84%.
- Argus Research analyst John Eade maintained a Buy rating and boosted the price target from $290 to $310 on April 29. This analyst has an accuracy rate of 75%.
- Jefferies analyst Sheila Kahyaoglu upgraded the stock from Hold to Buy and increased the price target from $305 to $335 on April 29. This analyst has an accuracy rate of 70%.
- Citigroup analyst Jason Gursky maintained a Buy rating and boosted the price target from $300 to $320 on April 25. This analyst has an accuracy rate of 75%.
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