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Huntington Ingalls Industries, Inc. (HII) Q4 2023 Earnings Call Transcript

Huntington Ingalls' (HII) Q4 revenues of $3,177 million beat the Zacks Consensus Estimate by 15.2%. The top line also increased 13% from the year-ago quarter's figure.

Although the revenue and EPS for Huntington Ingalls (HII) give a sense of how its business performed in the quarter ended December 2023, 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 $6.90 per share, beating the Zacks Consensus Estimate of $4.27 per share. This compares to earnings of $3.07 per share a year ago.

Huntington Ingalls' (HII) Q4 results are likely to reflect the benefits of improved margin performance and stabilizing supply-chain issues amid labor market challenges.

Huntington Ingalls (HII), with its strong backlog and rising earnings estimates, makes a strong case for investment in the Aerospace Defense industry.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

NEWPORT NEWS, Va., Jan. 04, 2024 (GLOBE NEWSWIRE) -- HII (NYSE: HII) will release its fourth quarter 2023 financial results on Thursday, Feb. 1, and host an earnings conference call at 9 a.m. Eastern time the same day. The call will be webcast live on HII's website: https://www.hii.com/.

Huntington Ingalls Industries, Inc. has underperformed in the aerospace and defense industry over the past year. The company's backlog has increased, but it is not directly related to global security threats. Huntington Ingalls Industries is ranked #4 in the industry and has a strong moat as one of the primary shipbuilders for the U.S. Navy.

Huntington Ingalls Industries is an undervalued dividend stock with the potential for a 15% annual total return. HII is a global defense contractor specializing in naval ship construction and technologies. The company reported a robust Q3 with record revenues, improved segment performance, and a significant increase in free cash flow.