
Offshore energy services company Helix Energy Solutions (NYSE: HLX) will be reporting results this Wednesday afternoon. Here’s what investors should know.
Helix Energy Solutions beat analysts’ revenue expectations last quarter, reporting revenues of $334.2 million, down 5.9% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EBITDA estimates.
Is Helix Energy Solutions a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Helix Energy Solutions’s revenue to decline 4.4% year on year, improving from the 6.1% decrease it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Helix Energy Solutions has missed Wall Street’s revenue estimates multiple times over the last two years.
With Helix Energy Solutions being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for upstream & integrated stocks. However, the whole sector has faced a sell-off over the last month with stocks in Helix Energy Solutions’s peer group down 3.6% on average. Helix Energy Solutions is down 7.2% during the same time .
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