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.
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 $1, which is worse than the estimate ninety days ago.
Here’s how Helix Energy Solutions Group has been performing on an annual basis:
|Revenue ($) 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|
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)