General Dynamics (GD) closed the most recent trading day at $265.90, moving +0.27% from the previous trading session. This move lagged the S&P 500's daily gain of 1.1%. Meanwhile, the Dow gained 0.91%, and the Nasdaq, a tech-heavy index, added 1.35%.

Shares of the defense contractor witnessed a loss of 5.74% over the previous month, trailing the performance of the Aerospace sector with its loss of 4.17% and the S&P 500's gain of 0.22%.

Market participants will be closely following the financial results of General Dynamics in its upcoming release. It is anticipated that the company will report an EPS of $4.30, marking a 18.13% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $13.39 billion, indicating a 14.78% increase compared to the same quarter of the previous year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $13.82 per share and a revenue of $47.77 billion, indicating changes of +14.98% and +13.01%, respectively, from the former year.

Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for General Dynamics. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.16% decrease. Right now, General Dynamics possesses a Zacks Rank of #4 (Sell).

Valuation is also important, so investors should note that General Dynamics has a Forward P/E ratio of 19.19 right now. This valuation marks no noticeable deviation compared to its industry's average Forward P/E of 19.19.

Also, we should mention that GD has a PEG ratio of 1.64. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Aerospace - Defense industry was having an average PEG ratio of 1.64.