Helios Technologies (HLIO) Tops Q3 Earnings Estimates

Core Viewpoint - Helios Technologies reported quarterly earnings of $0.59 per share, exceeding the Zacks Consensus Estimate of $0.56 per share, and showing an increase from $0.44 per share a year ago [1][2]. Financial Performance - The earnings surprise for the quarter was 5.36%, with the company having surpassed consensus EPS estimates in all four of the last quarters [2]. - Revenues for the quarter ended September 2024 were $194.5 million, which missed the Zacks Consensus Estimate by 0.82% and decreased from $201.4 million year-over-year [3]. - The company has topped consensus revenue estimates three times over the last four quarters [3]. Stock Performance and Outlook - Helios Technologies shares have increased approximately 8% since the beginning of the year, compared to a 19.8% gain for the S&P 500 [4]. - The current consensus EPS estimate for the upcoming quarter is $0.57 on revenues of $198.85 million, and for the current fiscal year, it is $2.30 on revenues of $820.8 million [8]. Industry Context - The Manufacturing - General Industrial industry, to which Helios Technologies belongs, is currently ranked in the bottom 47% of over 250 Zacks industries, indicating potential challenges ahead [9]. - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Helios Technologies' stock performance [6].