Filed under: Investing
Helix Energy Solutions Group (NYS: HLX) reported earnings on July 23. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), Helix Energy Solutions Group beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly. GAAP earnings per share dropped significantly.
Margins shrank across the board.
Helix Energy Solutions Group tallied revenue of $232.2 million. The three analysts polled by S&P Capital IQ hoped for revenue of $212.5 million on the same basis. GAAP reported sales were 33% lower than the prior-year quarter's $347.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.26. The seven earnings estimates compiled by S&P Capital IQ predicted $0.20 per share. GAAP EPS of $0.26 for Q2 were 38% lower than the prior-year quarter's $0.42 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.1%, 540 basis points worse than the prior-year quarter. Operating margin was 20.8%, 610 basis points worse than the prior-year quarter. Net margin was 11.7%, 120 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $217.2 million. On the bottom line, the average EPS estimate is $0.30.
Next year's average estimate for revenue is $897.6 million. The average EPS estimate is $1.00.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 906 members out of 944 rating the stock outperform, and 38 members rating it underperform. Among 220 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 214 give Helix Energy Solutions Group a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Helix Energy Solutions Group is outperform, with an average price target of $27.50.
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The article Helix Energy Solutions Group Beats on Both Top and Bottom Lines originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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