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 Quick QuoteNOC - 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.

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

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