What To Expect When General Dynamics Reports Fourth Quarter Results Next Week - General Dynamics (NYSE:GD

Credit Suisse expected General Dynamics Corp (NYSE:GD) to report fourth-quarter FY22 slightly ahead, with upside potential driven by G650 delivery strength and repurchases, when the aerospace and defense giant reports its earnings next week on Jan. 25.
The analyst forecasted fourth-quarter sales/EPS of $10.73 billion/$3.56 vs. the Street's $10.67/$3.55.
The analyst saw Gulfstream's book-to-bill ratio between 0.8x- 1.0x and highlighted a competitor's recently preannounced fourth-quarter unit book-to-bill ratio of 0.75x as a key read-through.
Credit Suisse expected General Dynamic's robust product portfolio would allow it to remain more resilient than its peers.
For FY23, the analyst saw EPS of $13.76 vs. the Street estimate of $13.97 on $41.8B of sales. It estimated 145 Gulfstream deliveries (vs. 148 prior) and 163 deliveries in 2024 (vs. 166 prior).
The price target was revised from $243 to $240 on slightly lower FCF estimates in 2024.
GD Price Action: General Dynamic shares are down 0.71% at $233.90 at publication Thursday.

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