Helix Energy Solutions Group
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Helix Energy Solutions Group whiffed on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share shrank to a loss.
Margins dropped across the board.
Helix Energy Solutions Group recorded revenue of $201.7 million. The four analysts polled by S&P Capital IQ predicted net sales of $344.5 million on the same basis. GAAP reported sales were 49% lower than the prior-year quarter's $396.2 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.23. The five earnings estimates compiled by S&P Capital IQ forecast $0.33 per share. Non-GAAP EPS of $0.23 for Q4 were 65% lower than the prior-year quarter's $0.66 per share. GAAP EPS were -$1.64 for Q4 compared to $0.16 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was -54.0%, 8,780 basis points worse than the prior-year quarter. Operating margin was -66.7%, 6,560 basis points worse than the prior-year quarter. Net margin was -85.1%, 8,930 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $287.1 million. On the bottom line, the average EPS estimate is $0.29.
Next year's average estimate for revenue is $969.4 million. The average EPS estimate is $1.33.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 915 members out of 953 rating the stock outperform, and 38 members rating it underperform. Among 250 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 243 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 $23.40.
Is Helix Energy Solutions Group the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in "3 Stocks for $100 Oil." Click here for instant access to this free report.
- Add Helix Energy Solutions Group to My Watchlist.
Seth Jayson had no position in any company mentioned here at the time of publication. 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. TMFDisclosureHere