Motion control and electronic systems manufacturer Helios Technologies (NYSE: HLIO) will be reporting earnings this Monday after the bell. Here’s what you need to know.
Helios beat analysts’ revenue expectations by 5.5% last quarter, reporting revenues of $212.5 million, down 3.4% year on year. It was an incredible quarter for the company, with a solid beat of analysts’ organic revenue estimates and EPS guidance for next quarter exceeding analysts’ expectations.
Is Helios a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Helios’s revenue to grow 9.2% year on year to $212.5 million, a reversal from the 3.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.66 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 twice over the last two years.
Looking at Helios’s peers in the gas and liquid handling segment, some have already reported their Q3 results, giving us a hint as to what we can expect. SPX Technologies delivered year-on-year revenue growth of 22.6%, beating analysts’ expectations by 2.2%, and Flowserve reported revenues up 3.6%, falling short of estimates by 2.7%. SPX Technologies traded up 12.7% following the results while Flowserve was also up 31.1%.
Read our full analysis of SPX Technologies’s results here and Flowserve’s results here.
Investors in the gas and liquid handling segment have had steady hands going into earnings, with share prices flat over the last month. Helios is up 5.9% during the same time and is heading into earnings with an average analyst price target of $60.60 (compared to the current share price of $55.86).
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