The largest military shipbuilder in the U.S., Huntington Ingalls Industries, Inc.HII is the prime industrial employer in Virginia. Huntington Ingalls, originally an affiliate of Northrop Grumman Corp. (NOC), was spun off in Mar 2011. It operates major shipyards in Louisiana, Mississippi and Virginia.
Huntington Ingalls primarily deals with the supply of nuclear and non-nuclear ships to the U.S. Navy and Coast Guards. The company also provides manufacturing, engineering and management services to the commercial and non-commercial oil, gas and energy markets.
Estimate Trend & Surprise History
Coming to the earnings surprise, Huntington Ingalls has surpassed the Zacks Consensus Estimate in two of the last four quarters with an average negative surprise of 4.88%. Investors should also note the Zacks Consensus Estimate moved south in the last 30 days.
Currently, the company has a Zacks Rank #3 (Hold), but that could definitely change following the company's earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings Beat: Huntington Ingalls surpassed on third quarter earnings. Our consensus called for EPS of $2.09, and the company reported adjusted EPS of $2.35.
Revenue Beat: The company posted revenues of $1,800 million, ahead of the consensus estimates of $1,698 million.
Check back later for our full write up on this HII earnings report later!
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HUNTINGTON INGL (HII): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
