Helix Energy (HLX) Q1 Earnings Surpass Estimates

Core Insights - Helix Energy reported quarterly earnings of $0.02 per share, exceeding the Zacks Consensus Estimate of a loss of $0.05 per share, and showing improvement from a loss of $0.03 per share a year ago, resulting in an earnings surprise of 140% [1] - The company posted revenues of $278.06 million for the quarter ended March 2025, which was 2.87% below the Zacks Consensus Estimate and a decrease from $296.21 million in the same quarter last year [2] - Helix Energy shares have declined approximately 30% year-to-date, contrasting with the S&P 500's decline of 10.1% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.28, with expected revenues of $382.37 million, and for the current fiscal year, the EPS estimate is $0.71 on revenues of $1.43 billion [7] - The trend of estimate revisions for Helix Energy is favorable, leading to a Zacks Rank of 1 (Strong Buy), indicating expectations of outperforming the market in the near future [6] Industry Context - The Oil and Gas - Field Services industry, to which Helix Energy belongs, is currently ranked in the top 35% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Another company in the same industry, Nine Energy Service, is expected to report a quarterly loss of $0.15 per share, reflecting a year-over-year change of +37.5%, with revenues anticipated to be $149.1 million, up 4.9% from the previous year [9][10]