Helix Energy Solutions Group 2Q Earnings Pregame Scorecard

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Having topped analysts' estimates last quarter by 29 cents per share, Helix Energy Solutions Group (NYSE:HLX) is expected to deliver its latest earnings on Monday, July 23, 2012.

Expectations

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Analysts currently expect Helix Energy Solutions Group to come in with earnings of 43 cents per share on revenues of $356.5 million. Estimates from analysts range from 38 cents per share to 49 cents per share. Over the past two months, the average estimate has moved down from 45 cents.

Stock Movement

In terms of price changes, the stock's best recent streak was when it gained $2.31 per share between June 26, 2012 and July 3, 2012.

Company Fundamental Trends

Stock Ratings

Analysts think investors should stand pat on Helix Energy Solutions Group with three of five analysts rating it hold. Analyst sentiment has been waning recently, as the average rating has dropped slightly over the past three months.

Last Quarter's Results

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.

Summary

Reporting Period: 2Q

Date of Release: Monday, July 23, 2012

EPS: 43 cents

Revenue Estimate: $356.5 million

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