Helios Technologies Inc HLIO.N reported quarterly adjusted earnings of 59 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 64 cents. The mean expectation of five analysts for the quarter was for earnings of 51 cents per share. Wall Street expected results to range from 49 cents to 53 cents per share.
Revenue fell 3.4% to $212.50 million from a year ago; analysts expected $202.89 million.
Helios Technologies Inc's reported EPS for the quarter was 34 cents.
The company reported quarterly net income of $11.4 million.
Helios Technologies Inc shares had risen by 6.2% this quarter and lost 20.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 12.4% in the last three months.
In the last 30 days, there have been no negative revisions of 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 "buy."
Wall Street's median 12-month price target for Helios Technologies Inc is $44.50, about 17.5% above its last closing price of $36.71
This summary was machine generated from LSEG data August 4 at 09:02 p.m. UTC. 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)