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

Hornbeck Offshore Services

25/07/2024 24:28

* Helix Energy Solutions Group Inc  HLX.N  reported
quarterly
adjusted earnings of 21 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 5 cents.  The mean expectation of
five analysts for the quarter was for earnings of 13 cents per
share. Wall Street expected results to range from -8 cents to 23
cents per share.
    * Revenue rose 18.1% to $364.80 million from a year ago;
analysts
expected $339.20 million. 
    * Helix Energy Solutions Group Inc's reported EPS for the
quarter
was 21 cents​.
    * The company reported quarterly net income of $32.29
million.
    * Helix Energy Solutions Group Inc shares had risen by 6.5%
this
quarter and gained 23.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 28.6%
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 "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 $16.00 
This summary was machine generated from LSEG data July 24 at
11:28 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.13           0.21           Beat
 Mar. 31 2024      0.02           -0.17          Missed
 Dec. 31 2023      0.11           0.06           Missed
 Sep. 30 2023      0.22           0.10           Missed