Huntington Ingalls Industries, Inc. (HII - Free Report) is slated to report its third-quarter 2023 results on Nov 2 before market open.
Huntington Ingalls delivered an earnings surprise of 4.14% in the last reported quarter. Strong revenue performance across its business segments is expected to have added impetus to HII’s overall third-quarter top line.
Ingalls’ Revenue Growth Likely to Improve
Higher revenues from surface combatants are likely to have contributed to this segment’s revenue performance in the third quarter. However, the upside may have been partially offset by lower revenues from the National Security Cutter program.
The Zacks Consensus Estimate for Ingalls’ third-quarter revenues, pegged at $635.7 million, suggests growth of 2% from the year-ago quarter’s reported figure.
Newport to Remain Strong
Higher revenues from aircraft carriers and submarines may have contributed to the Newport segment’s revenues in the soon-to-be-reported quarter.
The Zacks Consensus Estimate for Newport’s third-quarter revenues, pegged at $1,484.7 million, indicates growth of 2.8% from the year-ago quarter’s reported figure.
Mission Technologies to Witness Growth Momentum
Higher volumes of mission-based solutions are likely to have aided Mission Technologies’ revenue performance in the third quarter of 2023.
The Zacks Consensus Estimate for Mission Technologies’ third-quarter revenues, pegged at $631.2 million, suggests an increase of 6.1% from the year-ago quarter’s reported figure.
Third-Quarter Estimates
Expected growth across all its business segments’ revenues may have boosted the company’s overall top line in the third quarter.
The Zacks Consensus Estimate for third-quarter sales is pegged at $2.73 billion. This indicates an increase of 3.9% from the prior-year reported figure.
A strong top line is likely to have contributed to HII’s third-quarter bottom line. However, macroeconomic challenges like higher inflation, supply-chain challenges and a tight labor market may have adversely impacted overall earnings in the third quarter of 2023.
The Zacks Consensus Estimate for third-quarter earnings is pegged at $3.39 per share. This implies a decline of 1.45% from the prior-year reported figure.
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This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
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Huntington Ingalls Industries, Inc. (HII - Free Report) is slated to report its third-quarter 2023 results on Nov 2 before market open.
Huntington Ingalls delivered an earnings surprise of 4.14% in the last reported quarter. Strong revenue performance across its business segments is expected to have added impetus to HII’s overall third-quarter top line.
Ingalls’ Revenue Growth Likely to Improve
Higher revenues from surface combatants are likely to have contributed to this segment’s revenue performance in the third quarter. However, the upside may have been partially offset by lower revenues from the National Security Cutter program.
The Zacks Consensus Estimate for Ingalls’ third-quarter revenues, pegged at $635.7 million, suggests growth of 2% from the year-ago quarter’s reported figure.
Newport to Remain Strong
Higher revenues from aircraft carriers and submarines may have contributed to the Newport segment’s revenues in the soon-to-be-reported quarter.
The Zacks Consensus Estimate for Newport’s third-quarter revenues, pegged at $1,484.7 million, indicates growth of 2.8% from the year-ago quarter’s reported figure.
Mission Technologies to Witness Growth Momentum
Higher volumes of mission-based solutions are likely to have aided Mission Technologies’ revenue performance in the third quarter of 2023.
The Zacks Consensus Estimate for Mission Technologies’ third-quarter revenues, pegged at $631.2 million, suggests an increase of 6.1% from the year-ago quarter’s reported figure.
Third-Quarter Estimates
Expected growth across all its business segments’ revenues may have boosted the company’s overall top line in the third quarter.
The Zacks Consensus Estimate for third-quarter sales is pegged at $2.73 billion. This indicates an increase of 3.9% from the prior-year reported figure.
A strong top line is likely to have contributed to HII’s third-quarter bottom line. However, macroeconomic challenges like higher inflation, supply-chain challenges and a tight labor market may have adversely impacted overall earnings in the third quarter of 2023.
The Zacks Consensus Estimate for third-quarter earnings is pegged at $3.39 per share. This implies a decline of 1.45% from the prior-year reported figure.
Research Chief Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.
Free: See Our Top Stock And 4 Runners Up
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