Helix Energy Solutions Group
The 10-second takeaway
For the quarter ended March 31 (Q1), Helix Energy Solutions Group beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share expanded significantly.
Margins improved across the board.
Helix Energy Solutions Group reported revenue of $407.9 million. The four analysts polled by S&P Capital IQ expected revenue of $358.3 million on the same basis. GAAP reported sales were 40% higher than the prior-year quarter's $291.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.72. The four earnings estimates compiled by S&P Capital IQ predicted $0.45 per share on the same basis. GAAP EPS of $0.62 for Q1 were 158% higher than the prior-year quarter's $0.24 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 39.6%, 1,300 basis points better than the prior-year quarter. Operating margin was 32.8%, 1,440 basis points better than the prior-year quarter. Net margin was 16.1%, 720 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $357.5 million. On the bottom line, the average EPS estimate is $0.40.
Next year's average estimate for revenue is $1.46 billion. The average EPS estimate is $1.67.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 925 members out of 962 rating the stock outperform, and 37 members rating it underperform. Among 252 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 245 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 hold, with an average price target of $22.33.
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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 of Motley 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.