Helios Technologies (HLIO) Soars 11.4%: Is Further Upside Left in the Stock?

Company Overview - Helios Technologies, Inc. (HLIO) shares increased by 11.4% to close at $28.74, following a notable trading volume that exceeded typical levels [1] - The company has experienced a 30.5% loss in stock value over the past four weeks [1] Recent Developments - The rise in Helios Technologies' shares was influenced by the Trump administration's announcement of a temporary halt on reciprocal tariffs for several countries, aimed at mitigating market sell-off and recession fears [2] Financial Performance Expectations - Helios Technologies is projected to report quarterly earnings of $0.35 per share, reflecting a year-over-year decline of 34% [3] - Expected revenues for the upcoming quarter are $186.6 million, which is a 12% decrease compared to the same quarter last year [3] Earnings Estimate Trends - The consensus EPS estimate for Helios Technologies has remained unchanged over the last 30 days, indicating a lack of upward momentum in earnings estimate revisions [5] - Historical data suggests a strong correlation between earnings estimate revisions and short-term stock price movements, highlighting the importance of monitoring these trends [4] Industry Context - Helios Technologies operates within the Zacks Manufacturing - General Industrial industry, where another company, Ferguson plc (FERG), saw an 11.2% increase in its stock price, closing at $164.60 [5] - Ferguson plc's consensus EPS estimate has decreased by 11.4% over the past month, indicating a 12.9% decline from the previous year's report [6]