Helix Energy Solutions Group, Inc. Third Quarter Earnings Sneak Peek

Helix Energy Solutions Group, Inc. (NYSE:HLX) will unveil its latest earnings on Monday, October 24, 2011. 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 estimate of analysts is for net income of 41 cents per share, a rise of 64% 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 22 cents. Between one and three months ago, the average estimate moved up. It has risen from 40 cents during the last month. Analysts are projecting profit to rise by 189.1% versus last year to $1.33.

Past Earnings Performance: The company is looking to beat analyst estimates for the third quarter in a row. Last quarter, it beat estimates with profit of 39 cents per share against the mean estimate of 18 cents. In the prior quarter, the company reported net income of 24 cents.

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Wall St. Revenue Expectations: On average, analysts predict $346.3 million in revenue this quarter, a decline of 11.8% from the year ago quarter. Analysts are forecasting total revenue of $1.3 billion for the year, a rise of 8.3% from last year’s revenue of $1.2 billion.

Analyst Ratings: four out of seven analysts surveyed (57.1%) have a buy rating on Helix Energy Solutions Group.. This is below the mean analyst rating of 10 competitors, which average 73.3% buy ratings.

A Look Back: In the second quarter, the company swung to a profit of $41.3 million (39 cents a share) from a loss of $85.5 million (82 cents) a year earlier, beating analyst estimates. Revenue rose 13.1% to $338.3 million from $299.3 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 52.4%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 81.8% from the year earlier quarter.

Competitors to Watch: Global Industries, Ltd. (NASDAQ:GLBL), Oceaneering International (NYSE:OII), TETRA Technologies, Inc. (NYSE:TTI), Halliburton Company (NYSE:HAL), Technip (TKPPY), 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 August 22, 2011 to October 18, 2011, the stock price had risen $2.31 (16.3%) from $14.16 to $16.47. 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 September 15, 2011 and September 23, 2011 when shares fell for seven-straight days, falling 21.2% (-$3.56) over that span. Shares are up $4.33 (+35.7%) year to date.

(Source: Xignite Financials)

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