Helix Energy Solutions Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Hornbeck Offshore Services

24/10/2024 03:57

* Helix Energy Solutions Group Inc  HLX.N  reported
quarterly
adjusted earnings of 19 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of 10 cents.  The mean expectation of
five analysts for the quarter was for earnings of 17 cents per
share. Wall Street expected results to range from 14 cents to 21
cents per share.
    * Revenue fell 13.5% to $342.42 million from a year ago;
analysts
expected $362.42 million. 
    * Helix Energy Solutions Group Inc's reported EPS for the
quarter
was 19 cents​.
    * The company reported quarterly net income of $29.51
million.
    * Helix Energy Solutions Group Inc shares had fallen
by 12.5% this
quarter and lost 5.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 $14.67 
This summary was machine generated from LSEG data October 24 at
02:57 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
 Sep. 30 2024      0.17           0.19           Beat
 Jun. 30 2024      0.13           0.21           Beat
 Mar. 31 2024      0.02           -0.17          Missed
 Dec. 31 2023      0.11           0.06           Missed