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Gear Up for Huntington Ingalls (HII) Q1 Earnings: Wall Street Estimates for Key Metrics
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In its upcoming report, Huntington Ingalls (HII - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $3.48 per share, reflecting an increase of 7.7% compared to the same period last year. Revenues are forecasted to be $2.8 billion, representing a year-over-year increase of 4.7%.
The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Huntington Ingalls metrics that Wall Street analysts commonly model and monitor.
The average prediction of analysts places 'Sales and Service Revenues- Mission Technologies' at $649.90 million. The estimate indicates a change of +4.2% from the prior-year quarter.
Analysts expect 'Sales and Service Revenues- Newport News' to come in at $1.56 billion. The estimate points to a change of +3.6% from the year-ago quarter.
It is projected by analysts that the 'Sales and Service Revenues- Ingalls' will reach $609.60 million. The estimate suggests a change of +5.7% year over year.
The consensus among analysts is that 'Segment Operating Income (loss)- Ingalls' will reach $67.23 million. Compared to the present estimate, the company reported $55 million in the same quarter last year.
Analysts predict that the 'Segment Operating Income (loss)- Mission Technologies' will reach $15.58 million. Compared to the current estimate, the company reported $17 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Segment Operating Income (loss)- Newport News' should arrive at $86.19 million. The estimate is in contrast to the year-ago figure of $84 million.
Over the past month, Huntington Ingalls shares have recorded returns of -5% versus the Zacks S&P 500 composite's -2% change. Based on its Zacks Rank #3 (Hold), HII will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Gear Up for Huntington Ingalls (HII) Q1 Earnings: Wall Street Estimates for Key Metrics
In its upcoming report, Huntington Ingalls (HII - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $3.48 per share, reflecting an increase of 7.7% compared to the same period last year. Revenues are forecasted to be $2.8 billion, representing a year-over-year increase of 4.7%.
The current level reflects a downward revision of 0.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Huntington Ingalls metrics that Wall Street analysts commonly model and monitor.
The average prediction of analysts places 'Sales and Service Revenues- Mission Technologies' at $649.90 million. The estimate indicates a change of +4.2% from the prior-year quarter.
Analysts expect 'Sales and Service Revenues- Newport News' to come in at $1.56 billion. The estimate points to a change of +3.6% from the year-ago quarter.
It is projected by analysts that the 'Sales and Service Revenues- Ingalls' will reach $609.60 million. The estimate suggests a change of +5.7% year over year.
The consensus among analysts is that 'Segment Operating Income (loss)- Ingalls' will reach $67.23 million. Compared to the present estimate, the company reported $55 million in the same quarter last year.
Analysts predict that the 'Segment Operating Income (loss)- Mission Technologies' will reach $15.58 million. Compared to the current estimate, the company reported $17 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Segment Operating Income (loss)- Newport News' should arrive at $86.19 million. The estimate is in contrast to the year-ago figure of $84 million.
View all Key Company Metrics for Huntington Ingalls here>>>
Over the past month, Huntington Ingalls shares have recorded returns of -5% versus the Zacks S&P 500 composite's -2% change. Based on its Zacks Rank #3 (Hold), HII will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>