Helios Technologies Inc reports results for the quarter ended in September - Earnings Summary

Helios Technologies

03/11/2023 18:36

* Helios Technologies Inc  HLIO.N  reported quarterly
adjusted
earnings of 44 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 90 cents.  The mean expectation of
five analysts for the quarter was for earnings of 70 cents per
share. Wall Street expected results to range from 64 cents to 75
cents per share.
    * Revenue fell 2.8% to $201.40 million from a year ago;
analysts
expected $219.31 million. 
    * Helios Technologies Inc's reported EPS for the quarter was
11
cents​.
    * The company reported quarterly net income of $3.5 million.
    * Helios Technologies Inc shares had fallen by 4.8% this
quarter and lost 3.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 33.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * 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 average consensus recommendation for the industrial
machinery & equipment peer group is also "strong buy"

Wall Street's median 12-month price target for Helios
Technologies Inc is $65.00 
This summary was machine generated from LSEG data November 3 at
06:36 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.70           0.44           Missed
 Jun. 30 2023      0.84           0.81           Missed
 Mar. 31 2023      0.77           0.72           Missed
 Dec. 31 2022      0.75           0.78           Beat