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 positive surprise of 7.21%. Investors should also note the Zacks Consensus Estimate for fourth quarter earnings remained unchanged over the last 30 days.
Currently, the company has a Zacks Rank #2 (Buy), but that could definitely change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings Beat: Huntington Ingalls surpassed fourth quarter earnings estimate. Our consensus called for EPS of $2.48, and the company reported adjusted EPS of $3.67.
Check back later for our full write up on this HII earnings report later!
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