Helix Energy Solutions Group Earnings on Horizon

Helix Energy Solutions Group Inc. (NYSE:HLX) will unveil its latest earnings on Monday, October 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 net income of 39 cents per share, a decline of 9.3% from the company’s actual earnings for the year-ago quarter. During the past three months, the average estimate has moved down from 46 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 40 cents during the last month. Analysts are projecting profit to rise by 16.2% compared to last year’s $2.01.

Past Earnings Performance: The company’s quarterly results have come in above estimates for the last three quarters. Last quarter, the company booked profit of 51 cents per share versus a mean estimate of net income of 43 cents per share.

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Stock Price Performance: Between July 23, 2012 and October 16, 2012, the stock price rose $1.75 (10.3%), from $17 to $18.75. The stock price saw one of its best stretches over the last year between April 19, 2012 and May 1, 2012, when shares rose for nine straight days, increasing 22.8% (+$3.85) over that span. It saw one of its worst periods between August 21, 2012 and August 30, 2012 when shares fell for eight straight days, dropping 9.7% (-$1.86) over that span.

A Look Back: In the second quarter, profit rose 8.1% to $44.7 million (42 cents a share) from $41.3 million (39 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 2.7% to $347.4 million from $338.3 million.

Wall St. Revenue Expectations: Analysts predict a decline of 4.9% in revenue from the year-earlier quarter to $354.2 million.

Key Stats:

On the top line, the company is looking to build on three-straight revenue increases heading into this earnings announcement. Revenue increased 29.3% in the fourth quarter of the last fiscal year and 39.9% in the first quarter before climbing again in the second quarter.

Analyst Ratings: There are mostly holds on the stock with three of five analysts surveyed giving that rating.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.88 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

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

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