Helix Energy Solutions Group Inc. Fourth Quarter Earnings Sneak Peek

Helix Energy Solutions Group, Inc. (NYSE:HLX) will unveil its latest earnings on Wednesday, February 22, 2012. Helix Energy Solutions Group is an international offshore energy company that provides reservoir development solutions and other contracting services to the energy market as well as to its own oil and gas properties.

Helix Energy Solutions Group, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average analyst estimate is for profit of 34 cents per share, a rise of more than fivefold from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved up from 33 cents. Between one and three months ago, the average estimate was unchanged. It has risen during the last month. For the year, analysts are projecting net income of $1.44 per share, a rise of more than threefold from last year.

Past Earnings Performance: The company met estimates last quarter after beating the forecasts in the prior two. In the third quarter, the company reported profit of 43 cents per share versus a mean estimate of net income of 43 cents per share. In the second quarter, the company beat estimates by 21 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 8% in revenue from the year-earlier quarter to $330.8 million.

Analyst Ratings: Optimism surrounds Helix Energy Solutions Group, as three analysts rate it as a buy, one rates it as a sell, and two rate it as a hold.

A Look Back: In the third quarter, profit rose 75.9% to $46 million (43 cents a share) from $26.2 million (25 cents a share) the year earlier, meeting analyst expectations. Revenue fell 5.1% to $372.5 million from $392.7 million.

Key Stats:

A year-over-year revenue decrease in the third quarter followed a streak of three consecutive quarters of revenue increases. Revenue rose 13.1%in the second quarter, 44.7% in the first quarter and 70.1% in the fourth quarter of the last fiscal year.

Stock Price Performance: Between December 19, 2011 and February 16, 2012, the stock price had risen $3.98 (27.1%), from $14.67 to $18.65. The stock price saw one of its best stretches over the last year between June 27, 2011 and July 7, 2011, when shares rose for eight straight days, increasing 10.2% (+$1.61) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 14.9% (-$2.62) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com