Motion control and electronic systems manufacturer Helios Technologies (NYSE: HLIO) will be announcing earnings results this Thursday after market hours. Here’s what investors should know.
Helios beat analysts’ revenue expectations last quarter, reporting revenues of $231.9 million, up 9.1% year on year. It was a very strong quarter for the company, with full-year EPS guidance exceeding analysts’ expectations and full-year revenue guidance 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, the market is expecting Helios’s revenue to decline 1.4% year on year, a reversal from the 13.3% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Helios rarely misses Wall Street’s revenue estimates.
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. Gorman-Rupp delivered year-on-year revenue growth of 11.8%, beating analysts’ expectations by 6.4%, and IDEX reported revenues up 8.3%, topping estimates by 1.8%. Gorman-Rupp traded up 6.9% following the results while IDEX was also up 2.6%.
Read our full analysis of Gorman-Rupp’s results here and IDEX’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 down 3.6% during the same time and is heading into earnings with an average analyst price target of $91.83 (compared to the current share price of $68.40).
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