From Nasdaq: 2024-04-29 07:30:00

Defense stocks are in focus as first-quarter results start to roll in, with mixed performance among industry players. Optimism remains as global tensions drive nations to invest in defense products. Major companies like CAE, Leidos, Curtiss-Wright, Embraer, and Huntington Ingalls are expected to beat earnings in their upcoming reports.

Increased defense budgets worldwide, particularly in the U.S., are boosting order inflows for major companies. Ongoing conflicts are leading to a surge in U.S. security aid to affected nations, benefiting defense stocks. Factors like the commercial air travel recovery are also driving growth for companies like General Dynamics and others yet to report.

Some challenges like labor shortages and supply chain issues may impact overall first-quarter performance of defense stocks. Projections show a 3% improvement in first-quarter earnings for the Aerospace sector. Relying on the Zacks methodology, five stocks including CAE, Leidos Holdings, Curtiss-Wright, Embraer, and Huntington Ingalls are expected to beat earnings this reporting cycle.



Read more at Nasdaq:: 5 Defense Stocks Poised to Surpass Q1 Earnings Estimates