Helix Energy Solns Gr Q1 2024 Adj EPS $(0.03) Misses $0.02 Estimate, Sales $296.211M Miss $296.725M Estimate
Portfolio Pulse from Benzinga Newsdesk
Helix Energy Solutions Group (HLX) reported Q1 2024 adjusted EPS of $(0.03), missing the $0.02 estimate, with sales of $296.211M also missing the $296.725M estimate. This represents an 18.44% increase in sales compared to the same period last year.
April 24, 2024 | 10:16 pm
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Helix Energy Solutions Group reported a Q1 2024 adjusted EPS of $(0.03), missing estimates, with sales of $296.211M also missing forecasts but showing an 18.44% YOY increase.
The missed EPS and sales estimates are likely to negatively impact investor sentiment in the short term, despite the year-over-year sales growth. The significant miss on the EPS estimate, by 250 percent, is particularly concerning and could lead to downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100