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Huntington Ingalls (HII) Misses on Q3 Earnings & Revenues
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The largest military shipbuilder in the U.S., Huntington Ingalls Industries, Inc. (HII - Free Report) is the prime industrial employer in Virginia. Huntington Ingalls, originally an affiliate of Northrop Grumman Corp. (NOC - Free Report) , 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 three of the last four quarters with an average positive surprise of 11.57%. Investors should also note the Zacks Consensus Estimate for third quarter earnings declined by 1 cent over the last 30 days.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings Miss: Huntington Ingalls miss on third quarter earnings. Our consensus called for EPS of $2.39, and the company reported adjusted EPS of $2.27.
Revenue Miss: The company posted revenues of $1.68 billion, below the consensus estimates of $1.73 billion.
Check back later for our full write up on this HII earnings report later!
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Huntington Ingalls (HII) Misses on Q3 Earnings & Revenues
The largest military shipbuilder in the U.S., Huntington Ingalls Industries, Inc. (HII - Free Report) is the prime industrial employer in Virginia. Huntington Ingalls, originally an affiliate of Northrop Grumman Corp. (NOC - Free Report) , 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 three of the last four quarters with an average positive surprise of 11.57%. Investors should also note the Zacks Consensus Estimate for third quarter earnings declined by 1 cent over 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. 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 Miss: Huntington Ingalls miss on third quarter earnings. Our consensus called for EPS of $2.39, and the company reported adjusted EPS of $2.27.
Revenue Miss: The company posted revenues of $1.68 billion, below the consensus estimates of $1.73 billion.
HUNTINGTON INGL Price and EPS Surprise
HUNTINGTON INGL Price and EPS Surprise | HUNTINGTON INGL Quote
Check back later for our full write up on this HII earnings report later!
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>