Helix Energy Solutions Group Inc reports results for the quarter ended in December - Earnings Summary

Hornbeck Offshore Services

27/02/2024 24:53

* Helix Energy Solutions Group Inc  HLX.N  reported
quarterly
adjusted earnings of 6 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of 2 cents.  The mean expectation of
five analysts for the quarter was for earnings of 10 cents per
share. Wall Street expected results to range from 9 cents to 13
cents per share.
    * Revenue rose 16.4% to $335.16 million from a year ago;
analysts
expected $315.60 million. 
    * Helix Energy Solutions Group Inc's reported EPS for the
quarter
was a loss of 19 cents​.
    * The company reported a quarterly loss of $28.33 million.
    * Helix Energy Solutions Group Inc shares had fallen by 1.2%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "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 oil related
services and equipment peer group is also "buy"

Wall Street's median 12-month price target for Helix Energy
Solutions Group Inc is $15.00 
This summary was machine generated from LSEG data February 27 at
12:52 a.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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.10           0.06           Missed
 Sep. 30 2023      0.21           0.10           Missed
 Jun. 30 2023      0.03           0.05           Beat
 Mar. 31 2023      -0.04          -0.03          Beat