Helios Technologies (HLIO) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - Helios Technologies (HLIO) is expected to report a year-over-year increase in earnings and revenues for the quarter ended September 2024, with the consensus outlook being crucial for assessing the company's earnings picture [1] Earnings Expectations - The consensus EPS estimate for Helios Technologies is $0.56 per share, reflecting a year-over-year increase of +27.3% [3] - Expected revenues for the quarter are $205.1 million, which is an increase of 1.8% from the same quarter last year [3] Estimate Revisions - The consensus EPS estimate has been revised 1.65% lower over the last 30 days, indicating a reassessment by analysts [4] - The Most Accurate Estimate for Helios is the same as the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, but the predictive power is significant only for positive readings [7] - Helios Technologies currently holds a Zacks Rank of 4, making it difficult to predict an earnings beat [10][11] Historical Performance - In the last reported quarter, Helios Technologies had an earnings surprise of +4.92%, reporting $0.64 per share against an expected $0.61 [12] - Over the last four quarters, the company has beaten consensus EPS estimates three times [13] Industry Comparison - Ingersoll Rand (IR), another player in the Zacks Manufacturing - General Industrial industry, is expected to post earnings of $0.82 per share, indicating a year-over-year change of +6.5% [17] - Ingersoll's revenues are expected to be $1.88 billion, up 7.9% from the previous year, with a higher Most Accurate Estimate leading to an Earnings ESP of 1.22% [18]