From Nasdaq: 2025-02-24 19:20:03

Helix Energy (HLX) reported quarterly earnings of $0.13 per share, surpassing expectations and showing a 333.33% earnings surprise. The company’s revenue for the quarter was $355.13 million, exceeding estimates by 12.32%. Despite a 15.3% decrease in stock value this year, investors are curious about Helix Energy’s future performance.

The sustainability of Helix Energy’s stock movement depends on management’s earnings call commentary. With a Zacks Rank #4 (Sell), the company’s estimate revisions trend is unfavorable. Analysts expect earnings of -$0.09 per share for the next quarter and $0.59 for the fiscal year. The Oil and Gas – Field Services industry is currently ranked in the bottom 23% of Zacks industries.

Kinetik Holdings Inc. (KNTK) is set to release its quarterly results on February 26. Analysts predict earnings of $0.37 per share, a 78.2% decrease year-over-year, with revenues expected to reach $495.33 million, a 42% increase from the previous year. Investors should consider the industry outlook before investing in Helix Energy.

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Read more at Nasdaq: Helix Energy (HLX) Beats Q4 Earnings and Revenue Estimates