These Analysts Slash Price Targets On General Dynamics Following Q1 Results

General Dynamics Corporation GD reported better-than-expected Q1 earnings.

General Dynamics reported first-quarter FY23 revenue growth of 5.2% year-over-year to $9.88 billion, beating the consensus of $9.33 billion. EPS increased by 1.1% Y/Y to $2.64, above the consensus of $2.59.

The company reported a year-over-year operating margin decline in multiple segments.

General Dynamics shares fell 3.6% to close at $214.83 on Wednesday.

These analysts made changes to their price targets on General Dynamics following earnings announcement.

  • Bernstein cut the price target on General Dynamics from $251 to $245. Bernstein analyst Douglas Harter maintained a Market Perform rating.
  • Baird slashed the price target on General Dynamics from $268 to $242. Baird analyst Peter Arment maintained an Outperform rating
  • Credit Suisse lowered the General Dynamics price target from $239 to $220. Credit Suisse analyst Scott Deuschle maintained a Neutral rating on the stock.

 

Check This Out: Fear & Greed Index Moves To 'Neutral' Zone After Dow Drops Over 200 Points

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsPrice TargetPre-Market OutlookMarketsAnalyst RatingsTrading IdeasPT Changes
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!