A Wonderful Company At A Fair Price Helix Energy Solutions Group, Inc. (NYSE:HLX)

Helix Energy Solutions Group, Inc. (NYSE:HLX) is expected to announce second quarter financial results after market close (confirmed) on July 24, 2017. The company added about percent in value since last earnings when it was at $. Based on the most relevant historical data, there is a 61 percent probability for share price to go down following the next earnings report. Looking further into earnings reaction history, the stock had moved up 16 times out of last 26 quarters. It has topped earnings-per-share estimates 83% of the time in its last 12 earnings reports. It missed earnings on 2 occasions, and it has met expectations 0 time.

Helix Energy Solutions Group, Inc. (NYSE:HLX) Earnings Reaction History

Overall, the average earnings surprise was 66.65 percent over the past four quarters. Back on Dec 28, it posted earnings per share at $-0.12 which missed the consensus $-0.12 projection (Negative surprise of 0.00%). Revenue came in at $104.53M versus consensus estimate of $117.17M. The stock gained percent the day following the earnings was released, and on 7th day price change was percent.

On February 20, 2017, it posted earnings per share at $-0.04 versus the consensus estimate of $-0.06 (Positive surprise of 33.30%). Revenue of $128.03M was below the $133.9M analysts had expected. The stock dropped 14.71% the day following the earnings was released, and on 7th day price change was 16.19%.

On October 19, 2016, it posted earnings per share at $0.1, topped the consensus estimate of $0.03 (Positive surprise of 233.30%). Revenue for the quarter was $161.24M while analysts had expected revenues to come in at $154.47M. The stock gained 1.64% the day following the earnings was released, and on 7th day price change was 6.83%.

On July 19, 2016, it posted earnings per share at $-0.1 compared with the consensus estimate of $-0.1 (Negative surprise of 0.00%). That came on revenues of $107.27M for the quarter. Analysts had expected $130.02M in revenue.

Helix Energy Solutions Group, Inc. (NYSE:HLX) Earnings Expectations

In front of Q3 earnings release, Wall Street is expecting earnings per share of $-0.03. The analysts’ current consensus range is $-0.08-$0.04 for EPS. The market consensus range for revenue is $134.34M-$150.9M, with an average of $142.66M.

Helix Energy Solutions Group, Inc. (NYSE:HLX) last closed at $5.36, sending the company’s market cap around $833.88M. The consensus 12-month price target from brokerage firms covering the stock is $9.13 . The share price has declined -54.84% from its best level in 52 weeks and advanced -34.69% this year. It recently traded in a range of $5.35-$5.685 at a volume of 1,047,541 shares. The stock ended last trading session with the price nearly 11.63% higher for the last 5 trading days, rebounding 11.20% from its 52-week low.