Reported Late Monday, Helix Energy Solns Gr Q4 Adj. EPS $0.06 Misses $0.10 Estimate, Sales $335.16M Beat $315.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Helix Energy Solutions Group (HLX) reported Q4 adjusted EPS of $0.06, missing the consensus estimate of $0.10 by 40%. However, their quarterly sales of $335.16M exceeded the estimate of $315.60M by 6.20%, marking a 16.45% increase from the previous year.
February 27, 2024 | 7:04 am
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Helix Energy Solutions Group reported a mixed Q4 with an EPS miss but higher sales. EPS was $0.06, below the $0.10 estimate, while sales were $335.16M, above the $315.60M estimate.
The missed EPS might concern investors about profitability, potentially putting downward pressure on the stock. However, the significant sales beat indicates strong demand for HLX's services, which could counterbalance the negative EPS impact. Given these mixed signals, a neutral short-term impact is expected.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100