Helix Energy Solutions Group, Inc. (NYSE:HLX) is reporting third quarter financial results on Wednesday 21st October 2020, after market close.
According to analysts surveyed by Thomson Reuters, HLX is expected to report 3Q20 revenue of $ 179.65 million.
For the full year, analysts anticipate top line of $ 707.59 million, while looking forward to loss of $ 0.11 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 655.00 million ~ $ 740.00 million
Click Here For More Historical Outlooks Of Helix Energy Solutions Group, Inc.
Previous Quarter Performance
Helix Energy Solutions Group, Inc. revealed income for the second quarter of $ 0.04 per share, from the revenue of $ 199.15 million. The quarterly earnings decreased 63.64 percent while revenues fell 2.43 percent compared with the same quarter last year.
Wall street analysts are predicting, HLX to report 2Q20 loss of $ 0.01 per share from revenue of $ 175.26 million. The bottom line results beat street analysts by $ 0.05 or 500.00 percent, at the same time, top line results outshined analysts by $ 23.89 million or 13.63 percent.
Stock Performance
Shares of Helix Energy Solutions Group, Inc. traded up $ 0.08 or 2.91 percent on Tuesday, reaching $ 2.66 with volume of 1.50 million shares. Helix Energy Solutions Group, Inc. has traded high as $ 2.70 and has cracked $ 2.56 on the downward trend
The closing price of $ 2.66, representing a 160.61 % increase from the 52 week low of $ 0.99 and a 74.2 % decrease over the 52 week high of $ 10.00.
The company has a market capital of $ 398.41 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Conference Call
Helix Energy Solutions Group, Inc. will be hosting a conference call at 10:00 AM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.helixesg.com
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.
