Aerospace & Defense ETFs to Watch Amid Q1 Earnings

Zacks05-01

The uptrend in the industry is mapped by the performance of the S&P Aerospace & Defense Select Industry Index, which has added 20.10% over the past year. With escalating geopolitical tensions and the ...

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With escalating geopolitical tensions and the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/aerospace-defense-etfs-watch-amid-211800080.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Aerospace & Defense ETFs to Watch Amid Q1 Earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAerospace & Defense ETFs to Watch Amid Q1 Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-01 05:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/aerospace-defense-etfs-watch-amid-211800080.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The uptrend in the industry is mapped by the performance of the S&P Aerospace & Defense Select Industry Index, which has added 20.10% over the past year. With escalating geopolitical tensions and the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/aerospace-defense-etfs-watch-amid-211800080.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GD","symbol_name":"通用动力","start_time":0,"source_url":"https://finance.yahoo.com/news/aerospace-defense-etfs-watch-amid-211800080.html","article_id":"2432655611","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/9nOOHSxzWyd.sLtrt5Z9rg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/45fa66194b0b71ad2486ff76b4e7ba32"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432655611","pubTimestamp":1714511880,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"The uptrend in the industry is mapped by the performance of the S&P Aerospace & Defense Select Industry Index, which has added 20.10% over the past year. With escalating geopolitical tensions and the depletion of weapon stocks, the global aerospace and defense sector is poised to witness significant growth in the coming years.The ongoing war in the Middle East and East Europe is causing geopolitical tensions of one form or another, resulting in heightened global military spending. According to the Guardian, global military spending has surged to $2.44 trillion, following the largest yearly increase in government expenditures on arms in over 10 years.Below, we highlight Q1 earnings results of a few renowned U.S. Aerospace – Defense Industry players.RTX’s first-quarter net sales totaled $19.3 billion, which surpassed the Zacks Consensus Estimate of $18.41 billion by 4.8%. The top line also improved 12% from $17.21 billion recorded in the first quarter of 2023. RTX posted an adjusted oper","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"GD":"通用动力","NOC":"诺斯罗普格鲁曼","LMT":"洛克希德马丁","BA":"波音"},"translate_title":"Q1财报中值得关注的航空航天和国防ETF","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BA":0.9,"GD":0.9,"LMT":0.9,"NOC":0.9},"content_text":"The uptrend in the industry is mapped by the performance of the S&P Aerospace & Defense Select Industry Index, which has added 20.10% over the past year. With escalating geopolitical tensions and the depletion of weapon stocks, the global aerospace and defense sector is poised to witness significant growth in the coming years.\nThe ongoing war in the Middle East and East Europe is causing geopolitical tensions of one form or another, resulting in heightened global military spending. According to the Guardian, global military spending has surged to $2.44 trillion, following the largest yearly increase in government expenditures on arms in over 10 years.\nBelow, we highlight Q1 earnings results of a few renowned U.S. Aerospace – Defense Industry players.\nNorthrop Grumman\nNorthrop Grumman NOC reported first-quarter 2024 earnings of $6.32 per share, which beat the Zacks Consensus Estimate of $5.83 by 8.4%. The bottom line increased 15% from $5.50 recorded in the year-ago quarter, driven by an increase in operating income.\nNOC’s total sales of $10.13 billion beat the Zacks Consensus Estimate of $9.78 billion by 3.6%. The top line also increased 8.9% from $9.30 billion reported in the year-ago quarter. The company’s operating income during the quarter totaled $1.07 billion, up 13.1% from $947 million in the prior-year quarter.\nThe company reiterated its 2024 guidance, projecting revenues in the range of $40.80-$41.20 billion and adjusted earnings in the band of $24.45-$24.85 per share.\nRTX Corporation\nRTX Corporation RTX reported first-quarter 2024 adjusted EPS of $1.34, which beat the Zacks Consensus Estimate of $1.23 by 8.9%. The bottom line also improved 9.8% from the year-ago quarter’s level of $1.22.\nRTX’s first-quarter net sales totaled $19.3 billion, which surpassed the Zacks Consensus Estimate of $18.41 billion by 4.8%. The top line also improved 12% from $17.21 billion recorded in the first quarter of 2023. RTX posted an adjusted operating profit of $2.29 billion, up 6.5% from the year-ago quarter’s reported figure of $2.15 billion.\nRTX reiterated its guidance for 2024, with projected adjusted EPS in the band of $5.25-$5.40 and sales of $78-$79 billion.\nGeneral Dynamics\nGeneral Dynamics GD reported first-quarter 2024 EPS of $2.88, which missed the Zacks Consensus Estimate of $2.89 by 0.4%. However, the figure increased 9.1% from $2.64 per share recorded in the year-ago quarter.\nGD’s revenues of $10.73 billion in the reported quarter beat the Zacks Consensus Estimate of $10.2 billion by 5.2%. The top line also improved 8.6% from the prior-year reported figure. GD’s operating earnings totaled $1.04 billion, up 10.4% from the year-ago quarter’s $938 million.\nGeneral Dynamics recorded a total backlog of $93.73 billion, up 0.1% from the fourth-quarter level of $93.63 billion. The funded backlog at the end of the reported quarter was $73.17 billion.\nBoeing\nBoeing BA incurred an adjusted loss of $1.13 per share in first-quarter 2024, narrower than the Zacks Consensus Estimate of a loss of $1.43. The bottom line also improved from the year-ago quarter’s reported loss of $1.27 per share.\nBoeing’s revenues amounted to $16.57 billion, which missed the Zacks Consensus Estimate of $17.69 billion by 6.3%. The top line also declined 8% from the year-ago quarter’s reported figure of $17.92 billion, due to lower commercial delivery volume.\nBacklog at the end of the first quarter of 2024 totaled $528.75 billion, up from $520.20 billion recorded at the end of fourth-quarter 2023.\nLockheed Martin\nLockheed Martin LMT reported first-quarter 2024 adjusted earnings of $6.33 per share, which beat the Zacks Consensus Estimate of $5.80 by 9.1%. The bottom line, however, declined 1.6% from the year-ago quarter's recorded figure of $6.43.\nNet sales were $17.20 billion, which surpassed the Zacks Consensus Estimate of $16.19 billion by 6.2%. The top line also increased 13.7% from $15.13 billion reported in the year-ago quarter. LMT’s backlog as of Mar 31, 2024, was $159.37 billion compared with $160.57 billion at the end of fourth-quarter 2023.\nLockheed has reiterated its financial guidance for 2024, expecting revenues in the range of $68.5-$70 billion. The company also continues to project EPS in the range of $25.65-$26.35.\nETFs in Focus\nFor investors looking to take a bet on Q1 results as well as a continued surge in military spending, the following Aerospace – Defense ETFs provide a great opportunity.\niShares U.S. Aerospace & Defense ETF ITA has gained 4.46% over the past three months and 15.74% over the past year.\nInvesco Aerospace & Defense ETF PPA has gained 10.32% over the past three months and 26.86% over the past year.\nSPDR S&P Aerospace & Defense ETF XAR has gained 4.10% over the past three months and 21.09% over the past year.\nGlobal X Defense Tech ETF SHLD has gained 6.33% over the past month and 19.17% over the past three months.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nThe Boeing Company (BA) : Free Stock Analysis Report\nLockheed Martin Corporation (LMT) : Free Stock Analysis Report\nNorthrop Grumman Corporation (NOC) : Free Stock Analysis Report\nGeneral Dynamics Corporation (GD) : Free Stock Analysis Report\nGlobal X Defense Tech ETF (SHLD): ETF Research Reports\niShares U.S. Aerospace & Defense ETF (ITA): ETF Research Reports\nInvesco Aerospace & Defense ETF (PPA): ETF Research Reports\nSPDR S&P Aerospace & Defense ETF (XAR): ETF Research Reports\nRTX Corporation (RTX) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432655611"}