General Dynamics 2Q Earnings Pregame Scorecard

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Having exceeded expectations last quarter by one cent per share, General Dynamics (NYSE:GD) is scheduled to report again on Wednesday.

Expectations

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Analysts currently expect General Dynamics to come in with earnings of $1.75 per share on revenues of $7.93 billion. Estimates range from earnings per share to earnings per share. Over the past three months, the average estimate has moved down from $1.77.

Stock Movement

The stock fell $4.37 per share between May 8, 2012 and June 28, 2012. Looking at change over the last three months, April 23, 2012 and July 18, 2012, the stock price fell $3.47 (-5%), from $69.27 to $65.80.

Company Fundamental Trends On the heels of profit declines in the past two quarters, an income boost this time around would be welcome news. Net income fell 17.3% during the fourth quarter of the last fiscal year and yet again in the first quarter. After a revenue drop last quarter, the company will be looking to get back into the black in the upcoming earnings period. Prior to dropping in the first quarter, revenue increased 6.3% in the the fourth quarter of the last fiscal year.

Stock Ratings

Analysts are bullish on the stock as 12 analysts rate it as a buy and there are no sell ratings. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.

Last Quarter's Results

In the first quarter, profit fell 8.7% to $564 million ($1.57 a share) from $618 million ($1.64 a share) the year earlier, but exceeded analyst expectations. Revenue fell 2.8% to $7.58 billion from $7.8 billion.

Summary

Reporting Period: 2Q

Date of Release: Wednesday, July 25, 2012 before market open

EPS: $1.75

Revenue Estimate: $7.93 billion

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)