Helix Energy Solutions Group, Inc. (NYSE:HLX) is reporting second quarter financial results on Wednesday 22nd July 2020, after market close.
According to analysts surveyed by Thomson Reuters, HLX is expected to report 2Q20 loss of $ 0.01 per share from revenue of $ 175.26 million.
For the full year, analysts anticipate top line of $ 664.03 million, while looking forward to loss of $ 0.32 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 820.00 million ~ $ 890.00 million
Click Here For More Historical Outlooks Of Helix Energy Solutions Group, Inc.
Previous Quarter Performance
Helix Energy Solutions Group, Inc. disclosed loss for the first quarter of $ 0.04 per share, from the revenue of $ 181.02 million. The quarterly revenues escalated 8.51 percent compared with the same quarter last year. Street analysts expected Helix Energy Solutions Group, Inc. to report loss of $ 0.14 per share on revenue of $ 158.90 million for the first quarter. The bottom line results beat street analysts by $ 0.1 or 71.43 percent, at the same time, top line results outshined analysts by $ 22.12 million or 13.92 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Helix Energy Solutions Group, Inc.
Stock Performance
According to the previous trading day, closing price of HLX was $ 3.92, representing a 295.96 % increase from the 52 week low of $ 0.99 and a 60.8 % decrease over the 52 week high of $ 10.00.
The company has a market capital of $ 588.02 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
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Recent Analyst recommendations
On 28th May 2020, upgraded by Bank of America to Buy from Neutral rating.
Helix Energy Solutions Group, Inc., an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities. The company engineers, manages, and conducts well construction, intervention, and abandonment operations in water depths ranging from 200 to 10,000 feet; and operates remotely operated vehicles (ROVs), trenchers, and ROVDrills for offshore construction and well intervention services.
