Helix Energy Solutions Group's Upcoming Earnings: What You Need to Know

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Helix Energy Solutions Group (NYS: HLX) is expected to report Q2 earnings on July 23. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Helix Energy Solutions Group's revenues will expand 3.5% and EPS will grow 12.8%.

The average estimate for revenue is $350.2 million. On the bottom line, the average EPS estimate is $0.44.


Revenue details
Last quarter, Helix Energy Solutions Group notched revenue of $407.9 million. GAAP reported sales were 40% higher than the prior-year quarter's $291.6 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.72. GAAP EPS of $0.62 for Q1 were 158% higher than the prior-year quarter's $0.24 per share.

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Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 40.6%, 1,520 basis points better than the prior-year quarter. Operating margin was 32.8%, 1,560 basis points better than the prior-year quarter. Net margin was 16.1%, 720 basis points better than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $1.51 billion. The average EPS estimate is $2.07.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 927 members rating the stock outperform, and 38 members rating it underperform. Among 219 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 212 give Helix Energy Solutions Group a green thumbs-up, and seven give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Helix Energy Solutions Group is outperform, with an average price target of $22.33.

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The article Helix Energy Solutions Group's Upcoming Earnings: What You Need to Know originally appeared on Fool.com.

Seth Jayson owned shares of the following at the time of publication: Helix Energy Solutions Group. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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