Helix Energy Solutions Group Second Quarter Earnings Sneak Peek

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Helix Energy Solutions Group Inc. (NYSE:HLX) will unveil its latest earnings on Monday, July 23, 2012. Helix Energy Solutions Group is an international offshore energy company that provides reservoir development solutions and other contracting services to the energy market as well as to its own oil and gas properties.

Helix Energy Solutions Group Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 43 cents per share, a rise of 10.3% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up. It has dropped from 45 cents during the last month. For the year, analysts are projecting profit of $2.05 per share, a rise of 18.5% from last year.

Past Earnings Performance: The company is looking to top estimates for the third straight quarter. Last quarter, it reported net income of 73 cents per share against a mean estimate of profit of 44 cents, and the quarter before, the company exceeded forecasts by 30 cents with net income of 66 cents versus a mean estimate of profit of 36 cents.

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A Look Back: In the first quarter, profit rose more than twofold to $65.7 million (62 cents a share) from $25.9 million (24 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 39.9% to $407.9 million from $291.6 million.

Stock Price Performance: From June 18, 2012 to July 17, 2012, the stock price rose $1.95 (12.8%), from $15.28 to $17.23. The stock price saw one of its best stretches over the last year between April 19, 2012 and May 1, 2012, when shares rose for nine straight days, increasing 22.8% (+$3.85) over that span. It saw one of its worst periods between November 15, 2011 and November 25, 2011 when shares fell for eight straight days, dropping 14.9% (-$2.62) over that span.

Wall St. Revenue Expectations: Analysts are projecting a rise of 5.4% in revenue from the year-earlier quarter to $356.5 million.

Key Stats:

On the top line, the company is looking to build on two-straight revenue increases with this earnings announcement. Revenue rose 29.3% in the fourth quarter of the last fiscal year before climbing again in the first quarter.

Analyst Ratings: There are mostly holds on the stock with three of five analysts surveyed giving that rating.

Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.61 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

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