For its fourth fiscal quarter (ending December 31), Helix Energy Solutions Group Inc (NYSE: HLX) has reported a -1050% decline in E.P.S. from $0.02 a year ago to $-0.19 in the current quarter. This performance was $-0.31 short of the consensus estimate of $0.12. E.P.S. were $-0.07 for the latest four quarters through December 31 versus $-0.58 for the same period a year ago.
Recent Price Action
On 2/26/24, Helix Energy Solutions Group Inc (NYSE: HLX) stock rose modestly by 0.9%, closing at $10.25. NORMAL trading volume accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 3.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, HLX is expected to continue to be a modest Value Builder.
Helix Energy Solutions Group has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Helix Energy Solutions Group has a neutral Appreciation Score of 57 but a very high Power Rating of 86, and the Positive Value Trend Rating results.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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