HII's Q3 revenues of $2.75 billion miss the Zacks Consensus Estimate by 4.5%. The top line also declines 2.4% year over year.
The biggest U.S. military shipbuilder pulled its five-year free cash-flow forecast amid uncertainty about a submarine contract, supply-chain disruption and the loss of experienced workers.
Although the revenue and EPS for Huntington Ingalls (HII) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Huntington Ingalls (HII) came out with quarterly earnings of $2.56 per share, missing the Zacks Consensus Estimate of $3.84 per share. This compares to earnings of $3.70 per share a year ago.
HII's Q3 results are likely to reflect solid sales across the majority of its business segments and the benefits of margin improvement in its shipbuilding business.
Huntington Ingalls (HII) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
HII has launched the San Antonio-class amphibious transport dock ship LPD 30 to support the U.S. Navy.
Huntington Ingalls just landed contracts worth nearly a year's worth of revenue in a single day.
Huntington Ingalls is a reliable name in a world fraught with uncertainty. The company's total revenue and diluted EPS jumped in Q2. Huntington Ingalls is financially healthy and its corporate credit rating is investment-grade.
HII secures a $5.8 billion contract to design and construct three amphibious transport dock ships.
If you are an investor in Verint Systems - a company that sells products and services for customer experience automation - and are disappointed with the stock's 11% drop last week following its earnings miss and sluggish revenue growth, it may be time to look elsewhere. As of this moment, we find that Leidos - a defense, aviation, IT, and biomedical research company - and Huntington Ingalls Industries (NYSE: HII) - the largest military shipbuilding company - appear to be more attractive than Verint Systems.
HII is going to procure additional support to conduct pre-advanced planning for Nimitz (CVN 68) Class aircraft carrier defueling and inactivation.