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Helix Energy Solutions Group First Quarter 2024 Earnings: EPS Misses Expectations

Helix Energy Solutions Group (NYSE:HLX) First Quarter 2024 Results

Key Financial Results

  • Revenue: US$296.2m (up 18% from 1Q 2023).

  • Net loss: US$26.3m (loss widened by 409% from 1Q 2023).

  • US$0.17 loss per share (further deteriorated from US$0.034 loss in 1Q 2023).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Helix Energy Solutions Group EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Energy Services industry in the US.

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Performance of the American Energy Services industry.

The company's shares are up 6.2% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Helix Energy Solutions Group's balance sheet health.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.