Helix Energy Solns Gr Q3 EPS $0.10 Misses $0.21 Estimate, Sales $395.67M Beat $346.10M Estimate
Portfolio Pulse from Happy Mohamed
Helix Energy Solns Gr (NYSE:HLX) reported Q3 earnings of $0.10 per share, missing the analyst consensus estimate of $0.21 by 52.38%. However, the company's quarterly sales of $395.67 million beat the estimate of $346.10 million by 14.32%. This represents a 183.33% increase in earnings and a 45.17% increase in sales compared to the same period last year.
October 23, 2023 | 10:27 pm
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Helix Energy's Q3 earnings missed estimates but sales exceeded expectations. Earnings and sales have significantly increased compared to last year.
While the company missed earnings estimates, it exceeded sales expectations and showed significant year-over-year growth in both earnings and sales. This mixed result could lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100