Helios Technologies Inc expected to post earnings of 44 cents a share - Earnings Preview

Helios Technologies

07/05/2024 03:04

* Helios Technologies Inc  HLIO.N   HLIO.K  is expected
to show a
fall in quarterly revenue when it reports  results on May 8 for
the period ending March 31 2024
    * The Sarasota Florida-based  company is expected to report
a
3.6% decrease in revenue to $205.612 million from $213.2 million
a year ago, according to the mean estimate from 5 analysts,
based on LSEG data.The company's guidance on February 27 2024,
for the period ended March 31, was for revenue between $205.00
million and $210.00 million.
    * ​LSEG's mean analyst estimate for Helios Technologies Inc
is for
earnings of 44 cents per share. 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 5 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Helios
Technologies Inc is $58.00​, above​ its last closing price
of $47.33. ​​​

The company's guidance on February 27 2024 for the period ended
March 31 was for Earnings before Interest, Taxes, Depreciation
and Amortization of between USD205 million and USD37.8 million.
This summary was machine generated May 7 at 02:04 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)