Charting Huntington Ingalls Industries' Latest Earnings Release
Huntington Ingalls Industries (NYS: HII) reported earnings on May 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), Huntington Ingalls Industries missed estimates on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share shrank significantly.
Gross margins increased, operating margins improved, and net margins dropped.
Huntington Ingalls Industries booked revenue of $1.57 billion. The seven analysts polled by S&P Capital IQ wanted to see revenue of $1.65 billion on the same basis. GAAP reported sales were 6.9% lower than the prior-year quarter's $1.68 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.67. The seven earnings estimates compiled by S&P Capital IQ anticipated $0.67 per share. GAAP EPS of $0.67 for Q1 were 27% lower than the prior-year quarter's $0.92 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 14.7%, 80 basis points better than the prior-year quarter. Operating margin was 5.1%, 10 basis points better than the prior-year quarter. Net margin was 2.1%, 60 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $1.60 billion. On the bottom line, the average EPS estimate is $0.68.
Next year's average estimate for revenue is $6.56 billion. The average EPS estimate is $3.15.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 23 members out of 24 rating the stock outperform, and one member rating it underperform. Among five CAPS All-Star picks (recommendations by the highest-ranked CAPS members), five give Huntington Ingalls Industries a green thumbs-up.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Huntington Ingalls Industries is hold, with an average price target of $39.11.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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