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Helix Energy (HLX) Beats Q4 Earnings and Revenue Estimates
HLXHelix Energy Solutions(HLX) ZACKS·2025-02-25 01:20

Core Viewpoint - Helix Energy (HLX) reported quarterly earnings of 0.13pershare,significantlyexceedingtheZacksConsensusEstimateof0.13 per share, significantly exceeding the Zacks Consensus Estimate of 0.03 per share, marking an earnings surprise of 333.33% [1] - The company also posted revenues of 355.13millionforthequarterendedDecember2024,surpassingtheZacksConsensusEstimateby12.32355.13 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 12.32% [2] Financial Performance - The earnings of 0.13 per share compare to 0.06pershareayearago,indicatinggrowth[1]−Overthelastfourquarters,HelixEnergyhassurpassedconsensusEPSestimatestwotimesandtoppedconsensusrevenueestimatestwice[2]MarketPerformance−HelixEnergyshareshavedeclinedapproximately15.30.06 per share a year ago, indicating growth [1] - Over the last four quarters, Helix Energy has surpassed consensus EPS estimates two times and topped consensus revenue estimates twice [2] Market Performance - Helix Energy shares have declined approximately 15.3% since the beginning of the year, contrasting with the S&P 500's gain of 2.2% [3] - The current consensus EPS estimate for the upcoming quarter is -0.09 on revenues of 244.24million,andforthecurrentfiscalyear,itis244.24 million, and for the current fiscal year, it is 0.59 on revenues of $1.36 billion [7] Industry Outlook - The Oil and Gas - Field Services industry, to which Helix Energy belongs, is currently ranked in the bottom 23% of over 250 Zacks industries, which may negatively impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that the outlook for the industry can materially affect stock performance [5][8]