Helios Technologies (HLIO) Tops Q1 Earnings and Revenue Estimates

Company Performance - Helios Technologies reported quarterly earnings of $0.44 per share, exceeding the Zacks Consensus Estimate of $0.36 per share, but down from $0.53 per share a year ago [1] - The earnings surprise for this quarter was 22.22%, following a previous surprise of 13.79% when earnings were $0.33 per share against an expectation of $0.29 [2] - The company achieved revenues of $195.5 million for the quarter, surpassing the Zacks Consensus Estimate by 4.32%, but down from $212 million in the same quarter last year [3] Market Outlook - Helios Technologies shares have declined approximately 37.9% since the beginning of the year, compared to a 3.9% decline in the S&P 500 [4] - The current consensus EPS estimate for the upcoming quarter is $0.40 on revenues of $188.4 million, and for the current fiscal year, it is $1.52 on revenues of $734.1 million [8] Industry Context - The Manufacturing - General Industrial industry, to which Helios Technologies belongs, is currently ranked in the bottom 40% of over 250 Zacks industries, indicating potential challenges ahead [9] - The performance of Helios Technologies may be influenced by the overall outlook for the industry, as top-ranked industries tend to outperform lower-ranked ones significantly [9]