Huntington Ingalls Indus Q3 2024 GAAP EPS $2.56 Misses $3.83 Estimate, Sales $2.749B Miss $2.867B Estimate
Portfolio Pulse from Benzinga Newsdesk
Huntington Ingalls Industries reported Q3 2024 earnings per share of $2.56, missing the analyst estimate of $3.83 by 33.16%. Sales were $2.749 billion, below the expected $2.867 billion, marking a 2.38% decrease from the previous year.
October 31, 2024 | 11:16 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Huntington Ingalls Industries reported Q3 2024 earnings that significantly missed analyst expectations, with EPS at $2.56 compared to the $3.83 estimate. Sales also fell short, coming in at $2.749 billion versus the $2.867 billion expected.
The significant miss in both EPS and sales compared to analyst estimates is likely to negatively impact HII's stock price in the short term. The earnings per share were 33.16% below expectations, and sales were 4.10% below estimates, indicating potential concerns about the company's financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100