Huntington Ingalls Industries Earnings: Everything You Must Know Now

Huntington Ingalls Industries (NYSE:HII) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Huntington Ingalls Industries Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 74.63% to $1.17 in the quarter versus EPS of $0.67 in the year-earlier quarter.

Revenue: Decreased 0.38% to $1.56 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Huntington Ingalls Industries reported adjusted EPS income of $1.17 per share. By that measure, the company beat the mean analyst estimate of $0.86. It missed the average revenue estimate of $1.61 billion.

Quoting Management: “HII continues to execute well on its programs at Ingalls Shipbuilding and Newport News Shipbuilding,” said Mike Petters, HII’s president and chief executive officer. “Even with the continued uncertainty surrounding the defense budget, HII continues to garner support for its programs through alignment with the Navy’s priorities and is focused on driving performance to our goal of 9-plus percent operating margin by 2015.”

Key Stats (on next page)…

Revenue decreased 14.32% from $1.82 billion in the previous quarter. EPS decreased 10% from $1.30 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.94 to a profit $0.93. For the current year, the average estimate has moved up from a profit of $3.88 to a profit of $3.93 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]