Helios Technologies Q2 Adj EPS $0.81 Misses $0.82 Estimate, Sales $227.60M Beat $219.45M Estimate
Portfolio Pulse from totan@benzinga.com
Helios Technologies reported Q2 earnings of $0.81 per share, missing the analyst consensus estimate of $0.82 by 1.22%. This is a 31.36% decrease from the same period last year. However, the company's quarterly sales of $227.60 million beat the analyst consensus estimate of $219.45 million by 3.71%, despite a 5.82% decrease from last year.
August 07, 2023 | 8:36 pm
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Helios Technologies' Q2 earnings missed estimates and decreased from last year, but sales beat estimates and also decreased from last year.
The company's earnings missed estimates and decreased from last year, which is a negative signal for investors. However, the sales beat estimates, which is a positive signal. The overall impact is likely to be negative due to the earnings miss and decrease from last year.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100