General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services. The Marine Systems segment designs and builds nuclear-powered submarines, surface combatants, and auxiliary ships for the United States Navy and Jones Act ships for commercial customers, as well as builds crude oil and product tankers, and container and cargo ships; provides maintenance, modernization, and lifecycle support services for navy ships; offers and program management, planning, engineering, and design support services for submarine construction programs. The Combat Systems segment manufactures land combat solutions, such as wheeled and tracked combat vehicles, Stryker wheeled combat vehicles, piranha vehicles, weapons systems, munitions, mobile bridge systems with payloads, tactical vehicles, main battle tanks, armored vehicles, and armaments; and offers modernization programs, engineering, support, and sustainment services. The Technologies segment provides information technology solutions and mission support services; mobile communication, computers, and command-and-control mission systems; intelligence, surveillance, and reconnaissance solutions to military, intelligence, and federal civilian customers; cloud computing, artificial intelligence; machine learning; big data analytics; development, security, and operations; and unmanned undersea vehicle manufacturing and assembly services. The company was founded in 1899 and is headquartered in Reston, Virginia.

General Dynamics Corporation демонстрирует смешанную фундаментальную картину. С одной стороны, компания имеет низкий P/E по сравнению с медианой отрасли, что может указывать на недооцененность. Однако показатели P/S и P/B выше медианы, что может свидетельствовать о переоцененности. Долговая нагрузка низкая, что является плюсом, однако текущий и быстрый коэффициенты ниже медианы, что вызывает опасения по поводу ликвидности. Дивидендная доходность также снизилась, что может негативно сказаться на привлекательности для инвесторов. Тем не менее, компания показывает сильные результаты по прибыли и доходам, с высокими значениям ROE и ROA. Общая динамика финансовых показателей за последние годы положительная, что дает основания для оптимизма. В целом, несмотря на некоторые негативные аспекты, такие как высокая оценка по некоторым мультипликаторам и риск ликвидности, сильные финансовые результаты и низкая долговая нагрузка поддерживают позитивный взгляд на компанию.

General Dynamics Corporation

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General Dynamics (GD) Q1 2026 Earnings Transcript

General Dynamics Corporation GD posted strong first-quarter 2026 results, with earnings of $4.10 per share beating the Zacks Consensus Estimate of $3.68 by 11.41%. The bottom line also rose 12% from the year-ago quarter on solid operating execution.
Total Revenues of GD
Revenues of $13.48 billion topped the consensus mark of $12.70 billion by 6.15% and increased 10.3% year over year, supported by growth across all four operating segments and a sharp pickup in order activity that lifted quarterly book-to-bill to 2-to-1.
General Dynamics Corporation Price, Consensus and EPS Surprise
GD’s Segmental Performance
Marine Systems produced one of the sharpest improvements, supported by higher volume from Virginia- and Columbia-class submarine work and productivity gains across shipyards. The segment generated operating earnings of $316 million and improved operating margin to 7.3% in the quarter.
Aerospace delivered operating earnings of $493 million with a 15.0% margin, supported by improved performance and higher volume, and the business reported 38 Gulfstream aircraft deliveries in the period.
Combat Systems posted operating earnings of $310 million and a 13.6% margin, and the quarter included notable contract wins such as $730 million for various munitions and $450 million tied to the Advanced Reconnaissance Vehicle competition pre-production development phase.
Technologies generated operating earnings of $339 million with a 9.5% margin, aided by growth across both GDIT and Mission Systems and solid order flow during the quarter.
GD Delivers Broad-Based Top-Line Growth
The company’s first-quarter revenue increase was supported by contributions from each of its operating businesses. Aerospace benefited from higher manufacturing and services volume, while Marine Systems advanced on higher shipyard volume tied to key submarine programs. Combat Systems and Technologies also registered year-over-year increases, reflecting demand across platforms, munitions and mission-focused services.
That breadth matters for investors because it reduces reliance on any single end market. With each segment expanding, GD entered 2026 with a more balanced growth profile and multiple drivers supporting the consolidated top line.
Operational Highlights of GD
Profitability advanced alongside sales growth. Operating earnings increased year over year to $1.42 billion, and operating margin improved to 10.5%, indicating that incremental revenues are translating into better earnings power.
Below the operating line, earnings before income taxes rose to $1.37 billion, aided by a lower net interest expense compared with the prior-year quarter. Net earnings climbed to $1.13 billion, reflecting both stronger operating performance and improved overall cost and financing dynamics during the period.
GD’s Backlog
Order activity was a highlight of the quarter. GD booked $26.6 billion of orders, driving a consolidated book-to-bill ratio of 2-to-1. The defense segments collectively posted a 2.2-to-1 book-to-bill, while Aerospace delivered a 1.2-to-1 ratio, underscoring healthy demand across the portfolio.
Backlog expanded meaningfully, ending the quarter at $130.84 billion. Total estimated contract value, which includes management’s estimate of additional value in unfunded IDIQ contracts and unexercised options, reached $188.44 billion. This elevated contract coverage provides clearer revenue visibility and positions the company to sustain production and service activity as 2026 progresses.
Financial Condition of GD
Cash generation was another notable strength. Net cash provided by operating activities totaled $2.16 billion in the quarter, equal to 192% of net earnings, reflecting strong cash conversion and working-capital performance. After $203 million of capital expenditures, free cash flow came in at $1.95 billion.
Management continued returning cash to shareholders while maintaining liquidity. The company paid $405 million in dividends and repurchased $217 million of common stock during the quarter. GD ended the period with $3.65 billion in cash and equivalents, and net debt of $4.36 billion, supporting financial flexibility alongside ongoing capital deployment.
GD’s Zacks Rank
GD currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Defense Releases
RTX Corporation’s RTX first-quarter 2026 adjusted earnings per share of $1.78 beat the Zacks Consensus Estimate of $1.52 by 17%. The bottom line improved 21.1% from the year-ago quarter’s level of $1.47.
Quarterly revenues came in at $22.08 billion, up 8.7% from $20.31 billion in the year-ago period. Sales also beat the consensus mark of $21.56 billion by 2.43%.
Northrop Grumman Corporation NOC reported first-quarter 2026 adjusted earnings of $6.14 per share, which beat the Zacks Consensus Estimate of $6.08 by 1%. The bottom line also improved 1.3% from the year-ago quarter’s level of $6.06.
NOC’s total sales of $9.88 billion in the first quarter beat the Zacks Consensus Estimate of $9.79 billion by 1%. The top line also improved 4.4% from $9.47 billion reported in the year-ago quarter.
The Boeing Company BA incurred an adjusted loss of 20 cents per share in the first quarter of 2026, narrower than the Zacks Consensus Estimate of a loss of 95 cents. The bottom line improved from the year-ago quarter’s reported loss of 49 cents.
Revenues amounted to $22.22 billion, which outpaced the Zacks Consensus Estimate of $21.87 billion by 3.5%. The top line also surged 14% from the year-ago quarter’s reported figure of $19.5 billion.
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GD Q1 Earnings Beat Estimates on Strong Orders and Cash Flow

The following companies are expected to report earnings prior to market open on 04/29/2026. Visit our Earnings Calendar for a full list of expected earnings releases.
AbbVie Inc. (ABBV)is reporting for the quarter ending March 31, 2026. The large cap pharmaceutical company's consensus earnings per share forecast from the 5 analysts that follow the stock is $2.62. This value represents a 6.50% increase compared to the same quarter last year. In the past year ABBV has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 1.88%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for ABBV is 13.89 vs. an industry ratio of 15.00.
AstraZeneca PLC (AZN)is reporting for the quarter ending March 31, 2026. The biomedical (gene) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $2.57. This value represents a 3.63% increase compared to the same quarter last year. AZN missed the consensus earnings per share in the 4th calendar quarter of 2025 by -51.38%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for AZN is 18.26 vs. an industry ratio of -6.90, implying that they will have a higher earnings growth than their competitors in the same industry.
TotalEnergies SE (TTE)is reporting for the quarter ending March 31, 2026. The oil refining company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.99. This value represents a 8.74% increase compared to the same quarter last year. Zacks Investment Research reports that the 2026 Price to Earnings ratio for TTE is 9.25 vs. an industry ratio of 13.40.
Amphenol Corporation (APH)is reporting for the quarter ending March 31, 2026. The electrical connectors company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.95. This value represents a 50.79% increase compared to the same quarter last year. In the past year APH has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 4.3%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for APH is 34.25 vs. an industry ratio of 12.70, implying that they will have a higher earnings growth than their competitors in the same industry.
UBS AG (UBS)is reporting for the quarter ending March 31, 2026. The bank (foreign) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.85. This value represents a 66.67% increase compared to the same quarter last year. In the past year UBS has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 48%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for UBS is 13.14 vs. an industry ratio of 11.50, implying that they will have a higher earnings growth than their competitors in the same industry.
General Dynamics Corporation (GD)is reporting for the quarter ending March 31, 2026. The aerospace and defense company's consensus earnings per share forecast from the 8 analysts that follow the stock is $3.68. This value represents a 0.55% increase compared to the same quarter last year. In the past year GD has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 1.46%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for GD is 19.17 vs. an industry ratio of -58.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Automatic Data Processing, Inc. (ADP)is reporting for the quarter ending March 31, 2026. The internet software company's consensus earnings per share forecast from the 5 analysts that follow the stock is $3.28. This value represents a 7.19% increase compared to the same quarter last year. In the past year ADP has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 1.55%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for ADP is 18.00 vs. an industry ratio of -35.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Regeneron Pharmaceuticals, Inc. (REGN)is reporting for the quarter ending March 31, 2026. The biomedical (gene) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $6.28. This value represents a 2.33% decrease compared to the same quarter last year. REGN missed the consensus earnings per share in the 1st calendar quarter of 2025 by -2.72%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for REGN is 20.69 vs. an industry ratio of -6.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Canadian National Railway Company (CNI)is reporting for the quarter ending March 31, 2026. The transportation (rail) company's consensus earnings per share forecast from the 8 analysts that follow the stock is $1.31. This value represents a 1.55% increase compared to the same quarter last year. CNI missed the consensus earnings per share in the 2nd calendar quarter of 2025 by -1.46%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for CNI is 20.03 vs. an industry ratio of 16.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Phillips 66 (PSX)is reporting for the quarter ending March 31, 2026. The oil refining company's consensus earnings per share forecast from the 4 analysts that follow the stock is $-0.55. This value represents a 38.89% increase compared to the same quarter last year. PSX missed the consensus earnings per share in the 1st calendar quarter of 2025 by -16.88%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for PSX is 10.81 vs. an industry ratio of 13.40.
Entergy Corporation (ETR)is reporting for the quarter ending March 31, 2026. The electric power utilities company's consensus earnings per share forecast from the 7 analysts that follow the stock is $0.89. This value represents a 8.54% increase compared to the same quarter last year. In the past year ETR has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2026 Price to Earnings ratio for ETR is 25.78 vs. an industry ratio of 18.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Garmin Ltd. (GRMN)is reporting for the quarter ending March 31, 2026. The electrical instrument company's consensus earnings per share forecast from the 4 analysts that follow the stock is $1.84. This value represents a 14.29% increase compared to the same quarter last year. GRMN missed the consensus earnings per share in the 1st calendar quarter of 2025 by -2.42%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for GRMN is 27.35 vs. an industry ratio of 29.60.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Earnings Report for April 29, 2026 : ABBV, AZN, TTE, APH, UBS, GD, ADP, REGN, CNI, PSX, ETR, GRMN

Wall Street analysts expect General Dynamics (GD) to post quarterly earnings of $3.68 per share in its upcoming report, which indicates a year-over-year increase of 0.6%. Revenues are expected to be $12.7 billion, up 3.9% from the year-ago quarter.
The current level reflects a downward revision of 2.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain General Dynamics metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Revenue- Technologies' will reach $3.45 billion. The estimate indicates a year-over-year change of +0.6%.
The collective assessment of analysts points to an estimated 'Revenue- Marine Systems' of $3.87 billion. The estimate suggests a change of +8% year over year.
Based on the collective assessment of analysts, 'Revenue- Combat Systems' should arrive at $2.25 billion. The estimate indicates a year-over-year change of +3.5%.
The consensus estimate for 'Revenue- Aerospace' stands at $3.12 billion. The estimate indicates a change of +3.2% from the prior-year quarter.
According to the collective judgment of analysts, 'Operating earnings- Aerospace' should come in at $414.94 million. Compared to the current estimate, the company reported $432.00 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Operating earnings- Combat Systems' will likely reach $312.45 million. Compared to the current estimate, the company reported $291.00 million in the same quarter of the previous year.
Analysts forecast 'Operating earnings- Technologies' to reach $314.22 million. Compared to the current estimate, the company reported $328.00 million in the same quarter of the previous year.
The consensus among analysts is that 'Operating earnings- Marine Systems' will reach $281.17 million. The estimate compares to the year-ago value of $250.00 million.
View all Key Company Metrics for General Dynamics here>>>
General Dynamics shares have witnessed a change of -10.3% in the past month, in contrast to the Zacks S&P 500 composite's +8.1% move. With a Zacks Rank #3 (Hold), GD is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Exploring Analyst Estimates for General Dynamics (GD) Q1 Earnings, Beyond Revenue and EPS

Key Points
The Pentagon just proposed a $1.5 trillion defense budget for 2027.
About half of the more than $600 billion proposed spending increase would go to military hardware produced by Boeing, Lockheed, General Dynamics, and others.
Six weeks of active war in Iran and the Persian Gulf paused on April 8 when President Donald Trump agreed to a two-week ceasefire that he extended for an indefinite period on Tuesday. The pause will continue until "discussions are concluded," according to the president.
It's not 100% clear how much America has spent on the war so far, both on actual combat operations and on enforcing its blockade of Iran. The Trump administration won't answer that question. "We keep asking. They keep ignoring us," laments media outlet MS Now. But The Washington Post reports that Trump plans to ask Congress for an additional $80 billion to $100 billion in funding to cover the cost of the war.
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And that's just to start.
A $1.5 trillion defense budget
For the government's fiscal 2026, which ends Sept. 30, Congress has authorized just over $890 billion in total spending on national defense. This week, the Pentagon announced it will request a sizable increase from that for fiscal 2027: It wants to lifting the total Defense Department budget to $1.5 trillion.
Obviously, that increase is well above the $80 billion to $100 billion tied directly to the current war. So where's all the extra money going, if not just to pay the bills for Trump's Iran expedition? Turns out, we actually know quite a bit on that score -- and it's good news for three essential defense stocks that are well positioned to profit from the increased defense spending: Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT), and General Dynamics (NYSE: GD).
Boeing
Defense Department comptroller Jules W. Hurst III says the extra spending will primarily go toward "strengthening supply chains and supporting tens of thousands of small and medium-sized businesses" by acquiring new military hardware and replenishing and expanding munitions supplies. Specifically, 52% of the spending will go to buying "munitions, planes, tanks and ships."
Boeing would clearly benefit from the "planes" part of this target package. The Iran war's focus on sustaining operations on the far side of the world has highlighted the need for aerial refueling tankers to keep fighter jets, bombers, and even cargo planes fueled in flight. The Air Force's KC-135 Stratotankers are aging, however, (the first one flew in 1956), and are due to be replaced.
Boeing won a contract to begin replacing them with brand new KC-46A Pegasus tankers in 2010. In 2024, the Pentagon expanded its planned acquisition of Pegasus planes from 179 to 183, at a total cost of $34.7 billion. With extra funds in hand, the Pentagon will ask Boeing to increase Pegasus production in 2027, adding hundreds of millions of dollars, if not billions, to Boeing's backlog.
Lockheed Martin
One of Pegasus' primary missions is to keep F-35 Lightning II stealth fighter jets from Lockheed Martin full of fuel and flying. According to the U.S. Government Accountability Office, the Pentagon plans to eventually buy 2,470 F-35s at a total program cost (which includes both development and acquisition costs) of $446.6 billion. Each additional plane bought brings Lockheed $181 million closer to that figure.
It's good news for Lockheed, therefore, that the Pentagon's 2027 budget envisions nearly doubling F-35 production, from 47 planes produced in 2026 to 85 in 2027.
Put down your calculators: That's $15.4 billion for Lockheed.
General Dynamics
One of the Pentagon's biggest areas of investment under the new budget will be in shipbuilding. About $65.8 billion is earmarked for this effort, as the Navy aims to buy 18 new warships for the battle fleet, and also -- this is important -- 16 new support ships. The Navy will spend $8.7 billion more to improve infrastructure for building, repairing, and maintaining ships, investing in "seven private, four public and multiple 'Tier 2' private shipyards."
Historically, the Navy has split its shipbuilding contracts roughly 50-50 between General Dynamics and archrival Huntington Ingalls, both to ensure it has adequate construction capacity and to keep those contractors in competition to keep prices in check. That $65.8 billion will be a boon to both builders, but where I think the advantage shifts to General Dynamics is in its NASSCO shipbuilding division, which specializes in the construction not of warships but of support vessels, such as dry cargo/ammunition ships and fleet replenishment oilers (i.e., refueling ships).
If the 16 support ships to be built for the Navy take either of those forms, General Dynamics would be the logical choice to build them. Rumors that the Navy may invest in additional submarine tenders, destroyer tenders, minesweepers, and fire ships are less certain. Those contracts might go to Huntington Ingalls, or even to Lockheed Martin, which also builds a few ships for the Navy.
I'd still expect General Dynamics to win the bulk of this work -- and therefore the bulk of the $65.8 billion.
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Boeing. The Motley Fool recommends Lockheed Martin. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

3 Essential Defense Stocks Rising as Trump's Iran Strategy Drives a $1.5 Trillion Pentagon Budget Proposal

Key Points
The Iran war has shifted from bombings to a blockade.
Two U.S. defense contractors give the Navy the ability to blockade hostile countries: Huntington Ingalls Industries and General Dynamics.
On April 8, six weeks of war in Iran and the Persian Gulf morphed into two weeks of ceasefire -- extended indefinitely on Tuesday by President Donald Trump until "discussions are concluded." Under the administration of a president who famously campaigned on a promise not to start wars, the Iran war appears to be entering into a new phase of not peace, not war, but...naval blockade.
Two major U.S. defense contractors are key to that effort.
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Huntington Ingalls Industries
Enforcing a naval blockade against a belligerent nation obviously requires naval warships to interdict maritime traffic and, when necessary, to sink or seize vessels that try to run the blockade. America has two dominant military shipbuilders supplying the Navy with warships: Huntington Ingalls Industries (NYSE: HII) and General Dynamics (NYSE: GD).
Of the two, Huntington Ingalls Industries is by far the smaller company. According to the latest data from S&P Global Market Intelligence, HII is valued at just under $15 billion, with $12.5 billion in annual revenue and $801 million in trailing-12-month profit. (General Dynamics is much larger, at $88 billion in market capitalization, $52.6 billion in sales, and $4.2 billion in profit).
And yet, size can be deceiving. Boston Consulting Group notes, for example, that Huntington Ingalls is responsible for building approximately 70% of the U.S. Navy fleet. Granted, this percentage is measured by tonnage afloat -- and HII builds all of the Navy's nuclear aircraft carriers, as well as about half its submarines, and a variety of other vessels including amphibious landing ships (LPDs, LHAs, and LHDs), national security cutters for the Coast Guard, and certain uncrewed underwater and surface vehicles (UUVs and USVs).
Measuring by tonnage, the consulting firm calls Huntington Ingalls "dominant" as a naval shipbuilder. That's saying something.
General Dynamics
General Dynamics builds the other half of the U.S. Navy submarine fleet, as well as most of the Navy's Arleigh Burke-class destroyers. The three supersized destroyers of the Zumwalt class, now discontinued but still in service, also came out of General Dynamics' Bath Iron Works. Likewise, the Navy's Ticonderoga-class guided missile cruisers (which are aging and due for retirement).
Between Huntington Ingalls' aircraft carriers and General Dynamics' destroyers (and the submarines presumably lurking nearby, protecting the blockade fleet, built by both companies), it's inconceivable that America could institute or maintain a naval blockade on Iran without the help of these two companies.
Why to invest in Huntington Ingalls and General Dynamics
From an investor's perspective, both stocks have merit. Valued based on trailing-12-month earnings, they trade at 24 times earnings for Huntington Ingalls, and 21 times for General Dynamics -- significantly below the average price-to-earnings (P/E) multiple of 30 for the S&P 500. Strong free cash flow (FCF) generation results in attractive multiples there as well, and indicates high quality of reported earnings. Valued based on price to FCF, Huntington becomes the cheaper choice with a P/FCF multiple of 18, while General Dynamics gets only a little more expensive at a P/FCF of 22.
Finally, for dividend investors, Huntington's current 1.5% dividend yield matches the average yield of the S&P 500; General Dynamics' yield of 2% beats it.
On growth, the advantage shifts back to Huntington Ingalls, with analysts forecasting an average of 15% earnings growth over the next five years, versus 7% for General Dynamics.
And I suspect investors can have confidence that these stocks will grow at or above expectations. These companies' products have proven indispensable for conducting the ongoing naval blockade of Iran, which would argue only for their prospects holding steady as the Navy maintains its current capabilities. In fact, the Navy had clearly telegraphed its intention to expand the fleet and buy even more ships from Huntington Ingalls and General Dynamics.
Presently sized at just 293 "battle force ships," the U.S. Navy is currently starting a five-year plan that should see the fleet grow to 300 ships by 2030, including delivery of the first new Columbia-class ballistic missile submarine, according to the Congressional Budget Office. After 2030, this plan will kick into high gear; the Pentagon will invest $1 trillion as the Navy phases out old hulls and buys 364 new ships over the next 30 years, growing the combined battle fleet to 381 ships.
A savvy investor might want to buy into these stocks before 2030 rolls around, and the Navy's plan becomes too obvious for Wall Street to miss.
Should you buy stock in General Dynamics right now?
Before you buy stock in General Dynamics, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and General Dynamics wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $502,837!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,241,433!*
Now, it’s worth noting Stock Advisor’s total average return is 977% — a market-crushing outperformance compared to 200% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

2 Defense Contractors the Pentagon Keeps Calling On in the Iran War Era -- and What They Could Mean for 2030‑Focused Investors

In the latest trading session, General Dynamics (GD) closed at $320.74, marking a -1.47% move from the previous day. This move lagged the S&P 500's daily gain of 1.05%. Elsewhere, the Dow saw an upswing of 0.69%, while the tech-heavy Nasdaq appreciated by 1.64%.
The stock of defense contractor has fallen by 5.98% in the past month, lagging the Aerospace sector's loss of 0.74% and the S&P 500's gain of 8.59%.
The investment community will be closely monitoring the performance of General Dynamics in its forthcoming earnings report. The company is scheduled to release its earnings on April 29, 2026. In that report, analysts expect General Dynamics to post earnings of $3.68 per share. This would mark year-over-year growth of 0.55%. Simultaneously, our latest consensus estimate expects the revenue to be $12.7 billion, showing a 3.9% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $16.3 per share and a revenue of $54.72 billion, demonstrating changes of +5.43% and +4.13%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for General Dynamics. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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 moved 0.12% lower. General Dynamics presently features a Zacks Rank of #3 (Hold).
In the context of valuation, General Dynamics is at present trading with a Forward P/E ratio of 19.98. This represents a discount compared to its industry average Forward P/E of 21.86.
It is also worth noting that GD currently has a PEG ratio of 2.17. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Aerospace - Defense industry had an average PEG ratio of 1.72.
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 79, placing it within the top 33% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
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The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

General Dynamics (GD) Stock Slides as Market Rises: Facts to Know Before You Trade

Wednesday, April 22, 2026
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Exxon Mobil Corp. (XOM), International Business Machines Corp. (IBM) and Citigroup Inc. (C), as well as two micro-cap stocks Natural Resource Partners L.P. (NRP) and Oil-Dri Corp. of America (ODC). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Ahead of Wall Street
The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.
You can read today's AWS here >>> Pre-Markets Up on Ceasefire, Mostly Solid Q1 Earnings
Today's Featured Research Reports
Exxon Mobil’s shares have outperformed the Zacks Oil and Gas - Integrated - International industry over the past six months (+30.9% vs. +30.7%). The company’s high-value assets in the Permian Basin and Guyana drive robust production growth, doubling upstream earnings since 2019. Notably, in the Permian, XOM intends production to surpass 2.5 million oil-equivalent barrels per day beyond 2030.
On the other hand, in Guyana, the company’s efforts have turned a 2015 oil discovery into one of the fastest-growing projects in the world. With a lower exposure to debt capital, XOM supports steady cash flows, dividends, buybacks and investments in high-return projects. ExxonMobil has raised its dividend every year for the past 43 years, demonstrating its commitment to returning capital to shareholders.
Additionally, XOM is constructing the world’s largest low-carbon hydrogen and ammonia plant in Baytown, which is expected to position it as a frontrunner in clean energy initiatives.
(You can read the full research report on Exxon Mobil here >>>)
Shares of IBM have gained +7.3% over the past year against the Zacks Computer - Integrated Systems industry’s gain of +150.4%. The company is poised to benefit from strong demand for hybrid cloud and AI, driving growth in Software and Consulting. IBM’s growth is likely to be driven primarily by analytics, cloud computing, and security in the long haul.
The company’s core technology platform for AI capabilities watsonx is gaining significant market traction. In collaboration with Adobe It introduced AI-driven Experience Orchestration to help companies turn customer data into real-time actions, improving responsiveness. Such innovative product launches bode well for sustainable growth.
However, frequent acquisitions have escalated integration risks. Buyouts have negatively impacted the company’s balance sheet in the form of high levels of goodwill and net intangible assets. Stiff competition in the hardware enterprise servers and storage markets is weighing on profits.
(You can read the full research report on IBM here >>>)
Citigroup’s shares have outperformed the Zacks Financial - Investment Bank industry over the past six months (+37.7% vs. +8.7%). The company’s earnings topped estimates in the last four consecutive quarters. First-quarter 2026 results benefited from higher year-over-year net interest income (NII).
Ongoing transformation initiatives, including consumer business exits, cost cuts and operational streamlining, will likely support revenue growth as stranded costs and transformation spend begin to moderate. Management expects revenues to see a 4-5% compound annual growth rate (CAGR) through 2026. Its expansion into private credit boosts diversification, with a strong capital base supporting shareholder returns.
However, its rising expenses due to investments in business transformation efforts, technological advancement are worrisome. Volatility in fee income and deteriorating asset quality are concerning too.
(You can read the full research report on Citigroup here >>>)
Shares of Natural Resource Partners have outperformed the Zacks Coal industry over the past six months (+15.4% vs. +0.8%). This microcap company with a market capitalization of $1.53 billion offers a differentiated, asset-light royalty model that provides exposure to energy and industrial demand while limiting operational risks.
Natural Resource Partners’ extensive land base supports diversified mineral income and long-term optionality from emerging uses such as carbon sequestration and renewables. The company’s stable cash flow is underpinned by contractual minimum payments and disciplined capital allocation, alongside a significantly improved balance sheet that enhances financial flexibility.
However, near-term performance remains pressured by weak commodity cycles, particularly in metallurgical coal and soda ash, with suspended JV distributions and potential capital requirements adding uncertainty. Concentration in key counterparties and logistics dependencies elevates risks, leaving cash flow resilience reliant on commodity recovery.
(You can read the full research report on Natural Resource Partners here >>>)
Shares of Oil-Dri Corporation of America have gained +20.1% over the past six months against the Zacks Chemical - Diversified industry’s gain of +37.3%. This microcap company with a market capitalization of $1.05 billion presents a mixed investment profile anchored by diversified end-market exposure and a resilient, vertically integrated operating model.
Oil-Dri Corporation of America’s Fluids Purification segment benefits from demand across edible oils, jet fuel, and renewable fuels, while innovation in premium and lightweight cat litter supports a gradual shift toward higher-value consumer products. Growth in agriculture and horticulture adds further diversification to the B2B portfolio. Strong liquidity and disciplined capital allocation enable continued reinvestment and shareholder returns.
However, earnings remain sensitive to customer concentration, channel volatility, and external disruptions such as policy shifts and weather events. Retail performance shows reliance on mix improvements rather than consistent organic growth, while B2B results highlight exposure to cyclical demand and customer-specific changes.
(You can read the full research report on Oil-Dri Corporation of America here >>>)
Other noteworthy reports we are featuring today include General Dynamics Corp. (GD), Marsh & McLennan Companies, Inc. (MRSH) and Valero Energy Corp. (VLO).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Featured Reports
Contract Inflows and Solid Backlog Aid General Dynamics (GD)
According to the Zacks analyst, General Dynamics ended fourth quarter 2025 with a strong backlog of $118.05 billion, driven by high order inflows and solid demand across its products and services.
Product Breadth and Acquisitions Support Marsh (MRSH), Leverage High
Per the Zacks analyst, Marsh's broad portfolio, global reach and acquisitions support resilience. However, high debt load remains a concern.
Pricing Drives Rockwell Automation (ROK), Lower Sales Volume Ail
Per the Zacks Analyst, lower sales in the Lifecycle Services segment are denting Rockwell Automation's margins. However, price increase actions will drive growth.
Transmission and Renewable Generation Assets Aid FirstEnergy (FE)
Per the Zacks analyst, FirstEnergy's ongoing transmission and distribution investments are expected to drive earnings growth. Its Energizing the Future initiative will boost its performance.
Build-To-Order Model Aid Toll Brothers (TOL), Macro Woes Ail
Per the Zacks analyst, Toll Brothers is benefiting from its balanced built-to-order and spec approach. However, a soft housing market due to elevated mortgage rates are weighing on growth.
Doximity (DOCS) Growth, AI Push Offset Risks From Concentration
Per Zacks analyst, Doximity's scale, AI expansion, and new revenue streams support growth, even as client concentration and margin pressures pose near-term risks.
Nuplazid and Daybue Sales Drive Acadia (ACAD) Amid Competition
Acadia is witnessing robust growth in revenues, driven by Nuplazid and Daybue sales. However, the overdependence on Nuplazid and significant competition remain a woe.
New Upgrades
Valero's (VLO) Extensive Refinery Network Aids Profitability
Per the Zacks analyst, Valero's vast and strategically located refining network helps it tap different markets and support diverse customer needs, aided by its ability to process cost-effective crude.
Servicing Wins, Global Expansion Plan, Loans Aid State Street (STT)
Per the Zacks analyst, business servicing wins, rising custody and managed assets, synergies from expansion plans, a global footprint, and a strong balance sheet position will support State Street.
Strong Cloud ARR Growth and AI Innovation Aid Teradata (TDC) Prospects
Per the Zacks Analyst, TDC is benefiting from strong cloud ARR growth, expanding AI-driven solutions, and a rich partner base.
New Downgrades
Foreign Exchange Risks, Macro Uncertainty Dim LATAM's (LTM) Prospects
The Zacks analyst expects the elevated macro uncertainty due to the Middle East conflict to be a key headwind. Foreign exchange risks also represent a concern for this Latin American airline.
Universal Display (OLED) Plagued by Geopolitical and Macro Headwinds
Per the Zacks analyst, customers' constrained spending behavior stemming from global macroeconomic concerns and growing geopolitical volatility will likely hinder Universal Display's top line.
Tariff Costs and Promotions Weigh on Whirlpool Margins
Per the Zacks analyst, Whirlpool faces margin pressure from tariff costs and prolonged promotions, though its U.S.-centric manufacturing base may aid pricing recovery and support margins in 2026.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
See Stocks Now >>
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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Analyst Reports for Exxon Mobil, IBM & Citigroup

The Boeing Company BA incurred an adjusted loss of 20 cents per share in the first quarter of 2026, narrower than the Zacks Consensus Estimate of a loss of 95 cents. The bottom line improved from the year-ago quarter’s reported loss of 49 cents per share.
Including one-time items, the company reported a GAAP loss of 11 cents per share, narrower than the year-ago quarter’s reported loss of 16 cents.
BA’s Total Revenues
Revenues amounted to $22.22 billion, which outpaced the Zacks Consensus Estimate of $21.87 billion by 3.5%. The top line also surged 14% from the year-ago quarter’s reported figure of $19.5 billion.
The Boeing Company Price, Consensus and EPS Surprise
BA’s Total Backlog
Backlog at the end of first-quarter 2026 totaled $694.7 billion, up from $521.3 billion recorded at the end of 2025.
BA’s Segmental Performances
Commercial Airplane: Revenues in this segment surged 13% year over year to $9.2 billion, driven by higher jet deliveries. The segment incurred an operating loss of $563 million compared with the year-ago quarter’s operating loss of $537 million.
During the quarter under review, Boeing delivered 143 commercial planes. The figure improved 10% year over year.
Boeing Defense, Space & Security (“BDS”): The segment recorded revenues of $7.6 billion, reflecting year-over-year growth of 21%. It generated an operating income of $233 million compared with the year-ago quarter’s figure of $155 million.
Global Services: The segment recorded revenues of $5.37 billion, reflecting year-over-year growth of 6%. This unit generated an operating income of $971 million compared with the year-ago quarter’s figure of $943 million.
BA’s Financial Condition
Boeing exited first-quarter 2026 with cash and cash equivalents of $9.44 billion and short-term and other investments of $11.46 billion. At the end of 2025, the company had cash and cash equivalents of $10.92 billion and short-term and other investments worth $18.49 billion.
Long-term debt amounted to $44.35 billion, down from $45.64 billion recorded at the end of 2025.
The company’s net cash used by operating activities in the first three months of 2026 was $0.18 billion compared with $1.62 billion in the year-ago quarter.
BA’s Zacks Rank
The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Defense Releases
General Dynamics GD is slated to report first-quarter results on April 29, before market open. The Zacks Consensus Estimate for earnings is pegged at $3.71 per share, which indicates a year-over-year increase of 1.4%.
GD’s long-term (three to five years) earnings growth rate is 9.2%. The Zacks Consensus Estimate for first-quarter sales is pegged at $12.73 billion, which indicates a year-over-year increase of 4.2%.
Textron TXT is slated to report first-quarter results on April 30, before market open. The Zacks Consensus Estimate for earnings is pegged at $1.30 per share, indicating year-over-year growth of 1.6%.
TXT’s long-term earnings growth rate is 10.14%. The Zacks Consensus Estimate for first-quarter sales is pinned at $3.52 billion, indicating year-over-year growth of 6.5%.
L3Harris Technologies LHX is slated to report first-quarter results on April 30, before market open. The Zacks Consensus Estimate for earnings is pegged at $2.53 per share, indicating year-over-year growth of 5%.
LHX’s long-term earnings growth rate is 17.17%. The Zacks Consensus Estimate for first-quarter sales is pinned at $5.42 billion, indicating year-over-year growth of 5.7%.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years.
See Stocks Now >>
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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Boeing's Q1 Loss Narrower Than Estimates, Revenues Increase Y/Y

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Tuesday, shares of General Dynamics Corp (Symbol: GD) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $323.97 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 67.7. A bullish investor could look at GD's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of GD shares:
Looking at the chart above, GD's low point in its 52 week range is $262.84 per share, with $369.70 as the 52 week high point — that compares with a last trade of $325.52.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	20.30 24.86
Price/Sales	1.63 1.43
P/B	3.47 2.52
P/FCF	17.88 19.52

Indicator	TTM Median
ROE	17.57 15.56
ROA	7.38 6.32
ROI	13.51 9.37
Net Worth	85.92 1.47
Quick Ratio	0.89 1.16
Current Ratio	1.44 1.59

Indicator	TTM Median
Net Profit Margin	8.01 7.34
Operating Margin	10.19 10.10
Gross Margin	13.82 32.41
Return on tangible equity	247.43 26.34

Indicator	TTM Median
EPS	4.17 0.62
EPS Forecast	3.68 0.59
Revenue	14.38B 194.00M
Gross Profit	1.45B —
EBITDA	1.70B —

General Dynamics Corporation

Recent quarterly and TTM performance

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Revenue