The largest military shipbuilder in the U.S., Huntington Ingalls Industries, Inc. (HII Quick QuoteHII - Free Report) 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 three of the last four quarters with an average positive surprise of 14.69%. Investors should also note the Zacks Consensus Estimate for second quarter earnings remained stable in 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. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings Beat: Huntington Ingalls beat on second quarter earnings. Our consensus called for EPS of $2.31, and the company reported adjusted EPS of $2.32.

Revenue Miss: The company posted revenues of $1.7 billion, below the consensus estimates of $1.72 billion.

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

HUNTINGTON INGL Price and EPS Surprise

HUNTINGTON INGL Price and EPS Surprise | HUNTINGTON INGL Quote

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