The largest military shipbuilder in the U.S., Huntington Ingalls Industries, Inc. HII is the prime industrial employer in Virginia. Huntington Ingalls, originally an affiliate of Northrop Grumman Corp., was spun off in Mar 2011. It operates major shipyards in Louisiana, Mississippi and Virginia.Huntington Ingalls primarily deals with the supply of nuclear and non-nuclear ships to the U.S. Navy and Coast Guards. The company also provides manufacturing, engineering and management services to the commercial and non-commercial oil, gas and energy markets.Estimate Trend & Surprise HistoryComing to the earnings surprise, Huntington Ingalls has surpassed the Zacks Consensus Estimate in two of the last four quarters with an average positive surprise of 8.56%. Investors should also note the Zacks Consensus Estimate for the third quarter of 2017 moved up in the last 30 days by a penny.Zacks RankCurrently, the company has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.We have highlighted some of the key stats from this just-revealed announcement below:Earnings Beat: Huntington Ingalls beat on third quarter earnings. Our consensus called for EPS of $2.78, and the company reported EPS of $3.27.Revenue Beat: The company posted revenues of $1,863 million, surpassing the consensus estimate of $1,782.5 million.Key Developments to NoteNew business contracts for the quarter were approximately $3 billion for Huntington Ingalls. Total backlog for the quarter amounted to $23 billion.Stock Price: In the pre-market trading session, Huntington Ingalls’ quarter results made no significant impact on its share price. Yet, it would be interesting to see how the market reacts to the earnings release during the trading session today.Huntington Ingalls Industries, Inc. Price and EPS Surprise Huntington Ingalls Industries, Inc. Price and EPS Surprise | Huntington Ingalls Industries, Inc. QuoteCheck back later for our full write up on this HII earnings report later!Wall Street’s Next AmazonZacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.Click for details >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Huntington Ingalls Industries, Inc. (HII): Free Stock Analysis Report To read this article on Zacks.com click here.