Helix Energy Solutions Group Inc reports results for the quarter ended June 30 - Earnings Summary

• Helix Energy Solutions Group Inc HLX.N reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 21 cents. The mean expectation of five analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 1 cents to 5 cents per share.

• Revenue fell 17.1% to $302.29 million from a year ago; analysts expected $322.11 million.

• Helix Energy Solutions Group Inc's reported EPS for the quarter was a loss of 2 cents​.

• The company reported a quarterly loss of $2.6 million.

• Helix Energy Solutions Group Inc shares had risen by 4.6% this quarter and lost 29.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 88.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the oil related services and equipment peer group is also "buy"

• Wall Street's median 12-month price target for Helix Energy Solutions Group Inc is $12.00, about 42% above its last closing price of $6.96

This summary was machine generated from LSEG data July 23 at 10:56 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)