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

Hornbeck Offshore Services

25/04/2024 24:17

* Helix Energy Solutions Group Inc  HLX.N  reported a
quarterly
adjusted loss of 17 cents​​ per share for the quarter ended in
March, lower than the same quarter last year, when the company
reported EPS of -3 cents.  The mean expectation of five analysts
for the quarter was for earnings of 2 cents per share. Wall
Street expected results to range from zero cents to 7 cents per
share.
    * Revenue rose 18.4% to $296.21 million from a year ago;
analysts
expected $296.73 million. 
    * Helix Energy Solutions Group Inc's reported EPS for the
quarter
was a loss of 17 cents​.
    * The company reported a quarterly loss of $26.29 million.
    * Helix Energy Solutions Group Inc shares had risen by 2.9%
this
quarter and gained 8.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 53.9%
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 $15.00 
This summary was machine generated from LSEG data April 24 at
11:17 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
 Mar. 31 2024      0.02           -0.17          Missed
 Dec. 31 2023      0.11           0.06           Missed
 Sep. 30 2023      0.22           0.10           Missed
 Jun. 30 2023      0.03           0.05           Beat