Helix Energy (HLX) Reports Q1 Loss, Tops Revenue Estimates
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AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks Helix Energy (HLX) Reports Q1 Loss, Tops Revenue Estimates April 25, 2022 — 08:05 pm EDT Written by Zacks Equity Research for Zacks-> Helix Energy (HLX) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.19. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -47.37%. A quarter ago, it was expected that this offshore oil and gas services contractor would post a loss of $0.17 per share when it actually produced a loss of $0.17, delivering no surprise.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.Helix Energy, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $150.13 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 9.44%. This compares to year-ago revenues of $163.42 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Helix Energy shares have added about 54.5% since the beginning of the year versus the S&P 500's decline of -10.4%.What's Next for Helix Energy?While Helix Energy has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Helix Energy: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.11 on $172.95 million in revenues for the coming quarter and -$0.50 on $661.79 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.RPC (RES), another stock in the same industry, has yet to report results for the quarter ended March 2022. The results are expected to be released on April 27.This oil and gas services company is expected to post quarterly earnings of $0.07 per share in its upcoming report, which represents a year-over-year change of +240%. The consensus EPS estimate for the quarter has been revised 20% higher over the last 30 days to the current level.RPC's revenues are expected to be $290.87 million, up 59.3% from the year-ago quarter. Just Released: Zacks' 7 Best Stocks for Today Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year. These 7 were selected because of their superior potential for immediate breakout. See these time-sensitive tickers now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Helix Energy Solutions Group, Inc. (HLX): Free Stock Analysis Report RPC, Inc. (RES): Free Stock Analysis Report To read this article on Zacks.com click here.
Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Tags StocksInvesting Zacks Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com. More articles by this source-> Stocks mentioned HLX RES More Related Articles This data feed is not available at this time. Data is currently not available • Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.