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Huntington Ingalls (HII) Beats on Q1 Earnings & Revenues

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 2.08%. Investors should also note the Zacks Consensus Estimate moved north in the last 30 days by 2 cents.

Currently, the company has a Zacks Rank #2 (Buy), 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 beat on first quarter earnings. Our consensus called for EPS of $2.11, and the company reported adjusted EPS of $2.87.

Revenue Beat: The company posted revenues of $1,763 million, ahead of the consensus estimates of $1,591 million.

Check back later for our full write up on this HII earnings report later!

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NORTHROP GRUMMN (NOC): Free Stock Analysis Report
 
HUNTINGTON INGL (HII): Free Stock Analysis Report
 
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