Helix Vitality (HLX) got here out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.06 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 333.33%. 1 / 4 in the past, it was anticipated that this offshore oil and fuel companies contractor would submit earnings of $0.21 per share when it truly produced earnings of $0.19, delivering a shock of -9.52%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two occasions.
Helix Vitality
The sustainability of the inventory’s fast worth motion based mostly on the recently-released numbers and future earnings expectations will principally rely upon administration’s commentary on the earnings name.
Helix Vitality shares have misplaced about 15.3% because the starting of the yr versus the S&P 500’s achieve of two.2%.
What’s Subsequent for Helix Vitality?
Whereas Helix Vitality has underperformed the market up to now this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any straightforward solutions to this key query, however one dependable measure that may assist traders deal with that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis exhibits a robust correlation between near-term inventory actions and tendencies in earnings estimate revisions. Buyers can monitor such revisions by themselves or depend on a tried-and-tested score instrument just like the Zacks Rank, which has a powerful monitor report of harnessing the facility of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for Helix Vitality: unfavorable. Whereas the magnitude and route of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #4 (Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Will probably be attention-grabbing to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is -$0.09 on $244.24 million in revenues for the approaching quarter and $0.59 on $1.36 billion in revenues for the present fiscal yr.
Buyers ought to be aware of the truth that the outlook for the trade can have a fabric influence on the efficiency of the inventory as nicely. When it comes to the Zacks Business Rank, Oil and Fuel – Subject Providers is presently within the backside 23% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
Kinetik Holdings Inc. (KNTK), one other inventory in the identical trade, has but to report outcomes for the quarter ended December 2024. The outcomes are anticipated to be launched on February 26.
This firm is predicted to submit quarterly earnings of $0.37 per share in its upcoming report, which represents a year-over-year change of -78.2%. The consensus EPS estimate for the quarter has been revised 1.3% larger during the last 30 days to the present stage.
Kinetik Holdings Inc.’s revenues are anticipated to be $495.33 million, up 42% from the year-ago quarter.
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Helix Energy Solutions Group, Inc. (HLX) : Free Stock Analysis Report
Kinetik Holdings Inc. (KNTK) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
