Helix Energy Solutions Group Earnings: What Investors Should Watch

Helix Energy Solutions Group (NYSE:HLX) will report earnings after markets close on Monday, July 22nd. Helix Energy Solutions Group Inc. is a marine contractor and operator of offshore oil and gas properties and production facilities. The Company seeks to align the interests of the producer and contractor by investing in mature offshore oil and gas properties, hub production facilities, and undeveloped reserve plays.

Here is your Cheat Sheet to Helix Energy Solutions Group Earnings:

Earnings Expectations: Analysts expect earnings of $0.21 per share on revenues of $226.12 million.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.33 to a profit $0.31. For the current year, the average estimate is a profit of $1, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Helix Energy Solutions Group has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 2,148 1,462 1,200 1,399 846
Diluted EPS ($) -6.99 0.96 -1.22 1.22 -0.44

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012 Mar. 31, 2013
Revenue ($) in millions 347.39 336.23 201.70 197.43
Diluted EPS ($) 0.42 0.14 -1.64 0.02

Past Performance:
Helix Energy Solutions Group has missed analyst estimates 3 times in the past four quarters. Shareholders could expect a bust if the company misses estimates.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)