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).

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.

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. We've done some analysis and you can see our take on Helix Energy Solutions Group's balance sheet.

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