As we get ready for Helix Energy Solutions Group, Inc. (NYSE:HLX) earnings, we have an opportunity to take a quantitative approach to preparation. The company’s second numbers are slated to hit the wires after market close (confirmed) on July 24, 2017. Hence, it’s a good time to take a thorough look at the company’s historical behavior around earnings, as well as where current expectations stand for performance in the quarter.
Helix Energy Solutions Group, Inc. (NYSE:HLX) Historical Stock Behavior Data for Earnings Reports
According to market and research data, the company’s average earnings surprise was 42.91 percent, when looking at the prior year. Let’s look at how these four reports worked out in detail.
The company put up an EPS number of -0.12 on April 23, 2017. That missed the consensus expectation of $-0.12, representing a Negative surprise of -2.91% That report showed a top line number of $104.53M, which compares to a consensus estimate of $117.17M.
The company put up an EPS number of $-0.04 on February 20, 2017. That compared with a consensus expectation of $-0.06, representing a Negative surprise -37.50%. That report also showed a top line number of $128.03M, which compares to a consensus estimate of $133.9M put out by analysts ahead of the report.
If we look back at October 19, 2016, we see a company able to log an EPS print of $0.10. That topped the projected outlook of $0.03, handing the market a Positive surprise of 214.47%. Sales came in at $161.24M, which countered expectations of $154.47M, leading to a net move in shares of 1.64% the following day, and -0.10% seven days out.
Finally, on July 19, 2016, we saw a Negative surprise of -2.44% when the company came to the table with an EPS of $-0.10, answering analysts at $-0.10 on the bottom line. The top line hit at $107.27M (versus $130.02M).
Helix Energy Solutions Group, Inc. (NYSE:HLX): What’s the Word on the Street?
This time around, Q3 is expected to offer up an EPS point of $-0.02, with a range of $-0.09-$0.11. The top line expectation range out from analysts right now is at $134.34M-$171.5M, pushing a mean of $146.67M.
Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) printed a last close of $6.25, which pushes the total market value of the company to roughly $925.88M. Where is it headed from here? It’s impossible to say, but analysts currently have a consensus 12-month target out right now at $10.62.
Looking at recent action, we’ve seen shares declined -47.35% off trailing year highs, but advance overall 1 a ytd basis. The stock has been bouncing in a recent range defined by the $6.03-$6.27 levels, with transactions averaging about 2,982,975 shares per day. Over about the past week, the stock has moved nearly 3.14% higher, representing a total gain of 7.39% off its 52-week low.
Finally, the summary performance stats on reporting suggest that there is roughly a 60 percent chance that the stock up in reaction to its next quarterly data peek. If we dig a bit deeper, we can see that shares of the stock saw gains about up 15 out of 25 quarters on recent record. As far as the actual results, the company has “beaten the number” at a rate of roughly 83% over its past 12 reports. On the other hand, the company swung and missed 2 times, with 0 instances of inline data. At present, the company’s stock price per share has shifted about percent since the last time it turned in a report card, when it was printing orders around $/share.