Helix Energy Solutions Group, Inc. Second Quarter Earnings Preview

Helix Energy Solutions Group, Inc. (NASDAQ:HLX) will unveil its latest earnings on Monday, July 25, 2011. Helix Energy Solutions Group, Inc. 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 estimate of analysts is for net income of 18 cents per share, no change from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 10 cents. Between one and three months ago, the average estimate moved up, but has dropped from 19 cents during the last month. For the year, analysts are projecting profit of 82 cents per share, a rise of 78.3% from last year.

Past Earnings Performance: The company topped estimates last quarter after missing forecasts the quarter prior. In the first quarter, it reported net income of 24 cents per share against a mean estimate of profit of 9 cents per share. In the fourth quarter of the last fiscal year, it missed forecasts by 7 cents.

Savvy Investing Tip: Our CHEAT SHEET investing framework recommends only stocks with two straight quarters of earnings growth. Learn More >>

Wall St. Revenue Expectations: On average, analysts predict $315.6 million in revenue this quarter, a rise of 5.4% from the year ago quarter. Analysts are forecasting total revenue of $1.29 billion for the year, a rise of 7.5% from last year’s revenue of $1.2 billion.

Analyst Ratings: Analysts are bullish on this stock with six analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

Key Stats:

Revenue has now gone up for three straight quarters. In first quarter, revenue rose 44.7% to $291.6 million while the figure rose 70.1% in the fourth quarter of the last fiscal year from the year earlier and 81.8% in the third quarter of the last fiscal year.

Competitors to Watch: Global Industries, Ltd. (NASDAQ:GLBL), Oceaneering International (NYSE:OII), TETRA Technologies, Inc. (NYSE:TTI), Halliburton Company (NYSE:HAL), McDermott International (NYSE:MDR), Willbros Group, Inc. (NYSE:WG), Superior Energy Services, Inc. (NYSE:SPN), Basic Energy Services, Inc (NYSE:BAS), and Subsea seven SA (NASDAQ:SUBC).

Stock Price Performance: During June 20, 2011 to July 19, 2011, the stock price had risen $2.54 (16.5%) from $15.38 to $17.92. 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, rising 10.2% (+$1.61) over that span. It saw one of its worst periods between May 9, 2011 and May 17, 2011 when shares fell for seven-straight days, falling 10.1% (-$1.74) over that span. Shares are up $5.78 (+47.6%) year to date.

(Source: Xignite Financials)

Get Actionable Investing Insights: Check Out Wall St. Cheat Sheet’s newest Feature Trades of the Month!

More from The Cheat Sheet