Wednesday, May 12, 2021

Helix Energy Solutions Group Inc. [HLX] Earnings Report Preview March 2021

Earnings from Helix Energy Solutions Group Inc. [HLX] are scheduled on April 26, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.


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HLX Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn -$0.07 per share on revenue of $164.29M. Taking a look at the future, the company is projected to report revenue of $171.81M at an earnings per share of -$0.05 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 8.80% in revenue and 44.00% in earnings per share for the company.

HLX Stock Earnings Forecast For The Current Year


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For the full financial year, Helix Energy Solutions Group Inc. [NYSE:HLX] is forecasted to generate revenue of $667.9M. The figure is about -$65.65 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be -$0.25 in 2021, which is -$0.38 lower than the figure in FY20. Based on current estimates, earnings are expected to grow -292.30% this year, 44.00% next year, and 100.70% annually over the next five years. With regard to sales, forecasts suggest a decline of -9.00% in current fiscal year and 8.80% over following year.

HLX Stock Price Performance

At a last check today, Helix Energy Solutions Group Inc. [NYSE:HLX] finished up 1.90% at $4.55. The stock’s day high price was $4.545, and its lowest was $4.36. Its price fall -6.29% in the last five days. Since the beginning of the year, Helix Energy Solutions Group Inc.’s shares are up nearly 6.43%. However, the share price is -32.62% below its one year high. The top price reached by the shares of the company was $6.76 on 03/11/21, while the 52-week low came on 02/01/21, when the shares were $4.01. In the past year, shares of the company have risen 166.07%. At 50 days, the moving average achieved is $5.14 while at 200 days, the moving average is $4.06. There were 0.3 million shares traded in the last session, down from 1.28 million in the previous session.

Helix Energy Solutions Group Inc. [NYSE:HLX] Stock Valuation Metrics

With a prevailing 12-month PE ratio of 55.87, Helix Energy Solutions Group Inc. [HLX] does not qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a premium to the industry average of 15.38 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 0.90 PS value ratio is reported for the last one year of reported earnings. This is below the average return 1.13 for the industry, which means HLX offers an attractive investment opportunity than its competitors do.

HLX Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 4.56 level, and the violation of this level will cause a further drop to 4.37 level. At the upper end, 4.74 remains a key resistance. As the stock increases, it may find resistance at 4.64. In the 14-day chart, the Relative Strength Index standing at 42.35 suggests a technical neutral stance while the MACD standing at -0.24 indicates price will decrease in the next trading period. Stochastic %K at 26.36% suggests holding the stock while Percent R indicator at 63.46% suggests low price movement.

How much is the short interest in Helix Energy Solutions Group Inc.?

There have been a drop in short interest in the Helix Energy Solutions Group Inc. Financial stock, with short interest up by 0.2 million shares to 9.38 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 9.58 million shares. This -2.13% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 8.04% of the overall float in the stock, while the stock’s days to cover moved to 3.63.

How do analysts view Helix Energy Solutions Group Inc.?

In regard to the share price forecast for Helix Energy Solutions Group Inc. stock, the analysts, as surveyed by FactSet, forecast the price to reach $6.13 in the next twelve months, representing almost an 25.77% growth from its recent price of $4.55. Among Helix Energy Solutions Group Inc. stock projections, $7.50 is the highest analyst target for the stock, while $5.00 is the lowest. Despite this, 8 analysts who share their consensus rating for HLX in 2021 agree that the stock is an Overweight.

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