Helix Energy Solutions Group
The 10-second takeaway
For the quarter ended March 31 (Q1), Helix Energy Solutions Group met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted significantly. Non-GAAP earnings per share dropped significantly. GAAP earnings per share dropped significantly.
Margins dropped across the board.
Helix Energy Solutions Group booked revenue of $197.4 million. The three analysts polled by S&P Capital IQ predicted a top line of $197.7 million on the same basis. GAAP reported sales were 52% lower than the prior-year quarter's $407.9 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 $0.26. The seven earnings estimates compiled by S&P Capital IQ predicted $0.18 per share. Non-GAAP EPS of $0.26 for Q1 were 64% lower than the prior-year quarter's $0.72 per share. GAAP EPS of $0.02 for Q1 were 97% lower than the prior-year quarter's $0.62 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 26.6%, much worse than the prior-year quarter. Operating margin was 7.7%, much worse than the prior-year quarter. Net margin was 0.8%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $232.0 million. On the bottom line, the average EPS estimate is $0.24.
Next year's average estimate for revenue is $955.5 million. The average EPS estimate is $1.13.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 910 members out of 948 rating the stock outperform, and 38 members rating it underperform. Among 220 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 213 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 $27.25.
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