Motion control and electronic systems manufacturer Helios Technologies (NYSE:HLIO) will be announcing earnings results tomorrow after market hours. Here’s what to look for.
Helios beat analysts’ revenue expectations by 1.9% last quarter, reporting revenues of $219.9 million, down 3.4% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ operating margin estimates but underwhelming earnings guidance for the full year.
Is Helios a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Helios’s revenue to decline 2.5% year on year to $196.4 million, in line with the 2.8% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.54 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 Q3 results, giving us a hint as to what we can expect. IDEX posted flat year-on-year revenue, meeting analysts’ expectations, and ITT reported revenues up 7.7%, in line with consensus estimates. IDEX traded up 7.3% following the results while ITT’s stock price was unchanged.
Read our full analysis of IDEX’s results here and ITT’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’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $59.75 (compared to the current share price of $47.95).
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