Stock Story -
Motion control and electronic systems manufacturer Helios Technologies (NYSE:HLIO) will be reporting earnings tomorrow after the bell. Here's what to expect.
Helios beat analysts' revenue expectations by 3.2% last quarter, reporting revenues of $212 million, flat year on year. It was a stunning quarter for the company, with an impressive beat of analysts' organic revenue and earnings estimates.
Is Helios a buy or sell going into earnings? Find out by reading the original article on StockStory, it's free.
This quarter, analysts are expecting Helios's revenue to decline 5.2% year on year to $215.8 million, in line with the 5.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.61 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Helios has missed Wall Street's revenue estimates three times over the last two years.
Looking at Helios's peers in the gas and liquid handling segment, some have already reported their Q2 results, giving us a hint as to what we can expect. SPX Technologies delivered year-on-year revenue growth of 18.4%, beating analysts' expectations by 2.2%, and Flowserve (NYSE:FLS) reported revenues up 7.1%, topping estimates by 2.4%. SPX Technologies traded up 1% following the results while Flowserve was down 3.2%.
Read the full analysis of SPX Technologies's and Flowserve's results on StockStory.
There has been positive sentiment among investors in the gas and liquid handling segment, with share prices up 2.4% on average over the last month. Helios is down 9.5% during the same time and is heading into earnings with an average analyst price target of $61 (compared to the current share price of $41.91).
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