Analysts Have Made A Financial Statement On General Dynamics Corporation's (NYSE:GD) Second-Quarter Report
Analysts Have Made A Financial Statement On General Dynamics Corporation's (NYSE:GD) Second-Quarter Report
As you might know, General Dynamics Corporation (NYSE:GD) recently reported its quarterly numbers. It was a workmanlike result, with revenues of US$12b coming in 4.1% ahead of expectations, and statutory earnings per share of US$3.26, in line with analyst appraisals. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
正如您所知，通用動力公司（NYSE：GD）最近公佈了季度業績。這是一個勤勉的結果，營業收入爲120億美元，超出預期4.1％，每股收益爲3.26美元，與分析師評估相符。分析師通常會在每個季度業績後更新他們的預測，我們可以從他們的預測中判斷他們對公司的看法是否改變或是否有任何新的問題需要注意。因此，我們收集了最新的業績後預測，看看預測表明明年會有什麼變化。
Taking into account the latest results, the consensus forecast from General Dynamics' 21 analysts is for revenues of US$48.0b in 2024. This reflects a reasonable 6.7% improvement in revenue compared to the last 12 months. Per-share earnings are expected to climb 12% to US$14.54. Before this earnings report, the analysts had been forecasting revenues of US$46.9b and earnings per share (EPS) of US$14.57 in 2024. There doesn't appear to have been a major change in sentiment following the results, other than the small lift in revenue estimates.
考慮到最新的結果，通用動力公司21位分析師的共識預測是2024年收入將達到480億美元。這反映了營收較過去12個月增長了6.7％的合理水平。每股收益預計將增長12％至14.54美元。在這次業績公佈之前，分析師一直預測2024年的收入爲469億美元，每股收益（EPS）爲14.57美元。似乎業績後情緒沒有發生重大改變，除了收入預測的微小上升。
Even though revenue forecasts increased, there was no change to the consensus price target of US$321, suggesting the analysts are focused on earnings as the driver of value creation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. Currently, the most bullish analyst values General Dynamics at US$345 per share, while the most bearish prices it at US$289. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.
即使營收預測有所增長，共識價格目標仍爲321美元，這表明分析師把關注點放在收益上，把收益作爲價值創造的動力。然而，專注於單一的價格目標可能是不明智的，因爲共識目標實際上是分析師價格目標的平均值。因此，一些投資者喜歡查看預測範圍，以查看對公司估值的不同意見。目前，最看好的分析師將通用動力價值估計爲345美元，而最看淡的則將其定價爲289美元。由於這樣狹窄的估值範圍，分析師顯然對他們認爲的業務價值有相似的看法。
Of course, another way to look at these forecasts is to place them into context against the industry itself. The analysts are definitely expecting General Dynamics' growth to accelerate, with the forecast 14% annualised growth to the end of 2024 ranking favourably alongside historical growth of 2.3% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 2.7% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect General Dynamics to grow faster than the wider industry.
當然，查看這些預測的另一種方法是將它們與行業本身進行比較。分析師肯定預計通用動力公司的增長將加速，到2024年末，預計年化增長率將達到14％，排在過去五年2.3％的歷史增長率之上。相比之下，我們的數據表明，同行業其他覆蓋分析師的公司的收入預計每年增長2.7％。很明顯，儘管增長前景比最近過去時間更加樂觀，但分析師也希望通用動力公司的增長速度比整個行業更快。
The Bottom Line
最重要的事情是分析師增加了它對下一年每股虧損的估計。令人欣慰的是，營收預測未發生重大變化，業務仍有望比整個行業增長更快。共識價格目標穩定在28.50美元，最新估計不足以對價格目標產生影響。
The most obvious conclusion is that there's been no major change in the business' prospects in recent times, with the analysts holding their earnings forecasts steady, in line with previous estimates. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
最明顯的結論是，在最近的時間內，業務前景沒有發生重大改變，分析師保持其盈利預測穩定，符合以前的預期。 令人高興的是，他們還提高了收入預測，並且他們的預測表明業務預計將比整個行業增長更快。共識價格目標沒有真正變化，這表明業務的內在價值沒有隨着最新估計發生重大變化。
With that in mind, we wouldn't be too quick to come to a conclusion on General Dynamics. Long-term earnings power is much more important than next year's profits. We have forecasts for General Dynamics going out to 2026, and you can see them free on our platform here.
有時候，大家只會關注即將到來的利潤，而長期收益的力量比面臨的近期利潤更加重要。我們對通用動力公司的預測一直持續到2026年，您可以在此處免費查看。因此，請不要太快得出關於通用動力公司的結論。
It is also worth noting that we have found 1 warning sign for General Dynamics that you need to take into consideration.
值得注意的是，我們發現了1個與通用動力公司有關的警示標誌，您需要考慮到這一點。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。