Helios Technologies Inc expected to post earnings of 62 cents a share - Earnings Preview

Helios Technologies

03/08/2024 03:03

* Helios Technologies Inc  HLIO.N   HLIO.K  is expected
to show a
fall in quarterly revenue when it reports  results on August 5
for the period ending June 30 2024
    * The Sarasota Florida-based  company is expected to report
a
5.3% decrease in revenue to $215.425 million from $227.6 million
a year ago, according to the mean estimate from 4 analysts,
based on LSEG data.The company's guidance on May 9 2024, for the
period ended June 30, was for revenue between $213.00 million
and $218.00 million.
    * ​LSEG's mean analyst estimate for Helios Technologies Inc
is for
earnings of 62 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"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 $59.00​, above​ its last closing price
of $41.91. ​​​

The company's guidance on May 9 2024 for the period ended June
30 was for Earnings before Interest, Taxes, Depreciation and
Amortization of between USD213 million and USD44.69 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.44        0.44       0.53      Beat    19.4
 Dec. 31 0001              0.27       0.38      Beat    42.1
 Sep. 30 2023  0.72        0.70       0.44      Missed  -37.5​
 Jun. 30 2023  0.84        0.84       0.81      Missed  
 ​​Mar.        0.77        0.77       0.72      Missed  -6.2
 31 2023                                                
 Jan. 1 0001   0.75        0.75       0.78      Beat    4​
 Jan. 1 0001   0.98        0.99       0.90      Missed  -8.9
 Jun. 30 2022  1.17        1.17       1.18      Beat    1.2
 This summary was machine generated August 3 at 02:03 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)