Helix Energy (HLX) Beats Q4 Earnings and Revenue Estimates

Core Viewpoint - Helix Energy (HLX) reported quarterly earnings of $0.13 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 $355.13 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 $0.06 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 $244.24 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]