Earnings Preview: Helix Energy (HLX) Q2 Earnings Expected to Decline

Core Viewpoint - Helix Energy (HLX) is anticipated to report a significant year-over-year decline in earnings due to lower revenues, with the upcoming earnings report expected to be released on July 23, 2025 [1][2]. Financial Performance Expectations - The consensus estimate for Helix Energy's quarterly earnings is $0.01 per share, reflecting a year-over-year decrease of 95.2% [3]. - Expected revenues for the quarter are $326.27 million, which is a decline of 10.6% compared to the same quarter last year [3]. Estimate Revisions and Predictions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. - Helix Energy has an Earnings ESP of 0%, as the Most Accurate Estimate aligns with the Zacks Consensus Estimate, suggesting no recent differing analyst views [12]. Historical Performance - In the last reported quarter, Helix Energy was expected to incur a loss of $0.05 per share but instead reported earnings of $0.02, resulting in a positive surprise of 140% [13]. - Over the past four quarters, Helix Energy has exceeded consensus EPS estimates three times [14]. Industry Context - In comparison, Baker Hughes (BKR), another player in the oil and gas field services industry, is expected to report earnings of $0.55 per share, indicating a year-over-year decline of 3.5% [18]. - Baker Hughes' revenues are projected to be $6.63 billion, down 7.1% from the previous year, with a slight revision of the consensus EPS estimate down by 0.4% over the last 30 days [19].