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Unlocking Q2 Potential of Helios Technologies (HLIO): Exploring Wall Street Estimates for Key Metrics
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Wall Street analysts forecast that Helios Technologies (HLIO - Free Report) will report quarterly earnings of $0.80 per share in its upcoming release, pointing to a year-over-year increase of 35.6%. It is anticipated that revenues will amount to $230.36 million, exhibiting an increase of 8.4% compared to the year-ago quarter.
The current level reflects an upward revision of 4.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements 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.
Bearing this in mind, let's now explore the average estimates of specific Helios Technologies metrics that are commonly monitored and projected by Wall Street analysts.
Analysts' assessment points toward 'Net Sales- Hydraulics' reaching $143.65 million. The estimate suggests a change of +2% year over year.
Analysts predict that the 'Net Sales- Electronics' will reach $87.79 million. The estimate suggests a change of +22.6% year over year.
It is projected by analysts that the 'Operating income (loss)- Electronics' will reach $12.92 million. Compared to the present estimate, the company reported $5.90 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Operating income (loss)- Hydraulics' of $26.67 million. The estimate is in contrast to the year-ago figure of $25.00 million.
Helios Technologies shares have witnessed a change of +4.2% in the past month, in contrast to the Zacks S&P 500 composite's +3.3% move. With a Zacks Rank #3 (Hold), HLIO is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Unlocking Q2 Potential of Helios Technologies (HLIO): Exploring Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Helios Technologies (HLIO - Free Report) will report quarterly earnings of $0.80 per share in its upcoming release, pointing to a year-over-year increase of 35.6%. It is anticipated that revenues will amount to $230.36 million, exhibiting an increase of 8.4% compared to the year-ago quarter.
The current level reflects an upward revision of 4.1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements 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.
Bearing this in mind, let's now explore the average estimates of specific Helios Technologies metrics that are commonly monitored and projected by Wall Street analysts.
Analysts' assessment points toward 'Net Sales- Hydraulics' reaching $143.65 million. The estimate suggests a change of +2% year over year.
Analysts predict that the 'Net Sales- Electronics' will reach $87.79 million. The estimate suggests a change of +22.6% year over year.
It is projected by analysts that the 'Operating income (loss)- Electronics' will reach $12.92 million. Compared to the present estimate, the company reported $5.90 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Operating income (loss)- Hydraulics' of $26.67 million. The estimate is in contrast to the year-ago figure of $25.00 million.
View all Key Company Metrics for Helios Technologies here>>>Helios Technologies shares have witnessed a change of +4.2% in the past month, in contrast to the Zacks S&P 500 composite's +3.3% move. With a Zacks Rank #3 (Hold), HLIO is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .