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Wall Street's Insights Into Key Metrics Ahead of Helios Technologies (HLIO) Q1 Earnings
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Wall Street analysts forecast that Helios Technologies (HLIO - Free Report) will report quarterly earnings of $0.68 per share in its upcoming release, pointing to a year-over-year increase of 54.6%. It is anticipated that revenues will amount to $219.99 million, exhibiting an increase of 12.5% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Helios Technologies metrics that are commonly tracked and projected by analysts on Wall Street.
According to the collective judgment of analysts, 'Net Sales- Hydraulics' should come in at $134.04 million. The estimate indicates a year-over-year change of +6%.
Analysts expect 'Net Sales- Electronics' to come in at $86.14 million. The estimate indicates a change of +24.7% from the prior-year quarter.
The combined assessment of analysts suggests that 'Operating income (loss)- Electronics' will likely reach $12.06 million. Compared to the present estimate, the company reported $8.00 million in the same quarter last year.
The average prediction of analysts places 'Operating income (loss)- Hydraulics' at $22.48 million. The estimate is in contrast to the year-ago figure of $17.40 million.
Shares of Helios Technologies have experienced a change of -0.1% in the past month compared to the +11.4% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), HLIO is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Wall Street's Insights Into Key Metrics Ahead of Helios Technologies (HLIO) Q1 Earnings
Wall Street analysts forecast that Helios Technologies (HLIO - Free Report) will report quarterly earnings of $0.68 per share in its upcoming release, pointing to a year-over-year increase of 54.6%. It is anticipated that revenues will amount to $219.99 million, exhibiting an increase of 12.5% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 2.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Helios Technologies metrics that are commonly tracked and projected by analysts on Wall Street.
According to the collective judgment of analysts, 'Net Sales- Hydraulics' should come in at $134.04 million. The estimate indicates a year-over-year change of +6%.
Analysts expect 'Net Sales- Electronics' to come in at $86.14 million. The estimate indicates a change of +24.7% from the prior-year quarter.
The combined assessment of analysts suggests that 'Operating income (loss)- Electronics' will likely reach $12.06 million. Compared to the present estimate, the company reported $8.00 million in the same quarter last year.
The average prediction of analysts places 'Operating income (loss)- Hydraulics' at $22.48 million. The estimate is in contrast to the year-ago figure of $17.40 million.
View all Key Company Metrics for Helios Technologies here>>>Shares of Helios Technologies have experienced a change of -0.1% in the past month compared to the +11.4% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), HLIO is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .