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GD Preview: Trends Call for a Miss - Analyst Blog
1/22/2013 4:40:00 PM
General Dynamics Corporation
) is set to report fourth quarter and full year 2012 results on
Jan 23, 2013. Last quarter, it posted a negative 3.95%
earnings surprise. Let's see how things are shaping up for this
Our proven model does not conclusively show that General
Dynamics is likely to beat earnings this quarter also. That is
because a stock needs to have both a positive Earnings Expected
Surprise Prediction ("ESP") (Read:
Zacks Earnings ESP: A Better Method
) and a Zacks Rank of #1, 2 or 3 for this to happen. That is not
the case here as you will see below.
Zacks #3 Rank (Hold). General Dynamics carries a Zacks Rank #3 (Hold).
This rating when combined with a negative ESP predicts that General Dynamics is not likely to beat earnings this quarter again. We also caution against stocks with Zacks Ranks #4 and #5 (Sell rated stocks) going into the earnings announcement, especially when the company is seeing negative estimate revisions momentum.
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