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Barchart
Barchart
Aditya Sarawgi

Here's What to Expect From Huntington Ingalls Industries’ Next Earnings Report

Huntington Ingalls Ingalls HII

Newport News, Virginia-based Huntington Ingalls Industries, Inc. (HII) designs, builds, overhauls, and repairs military ships in the United States. With a market cap of $8.6 billion, Huntington Ingalls operates through the Ingalls, Newport News, and Mission Technologies segments.

The industrial major is set to announce its first-quarter earnings before the markets open on Thursday, May 1. Ahead of the event, analysts expect HII to report an adjusted EPS of $2.89, marking a notable 25.3% drop from $3.87 reported in the year-ago quarter. While the company has surpassed the Street’s bottom-line estimates twice over the past four quarters, it has surpassed the projections on two other occasions.

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