Wall Street analysts forecast that Helios Technologies (HLIO) 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 >>>> .

7 Best Stocks for the Next 30 Days

Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."

Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. 

See them now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

Helios Technologies, Inc (HLIO): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research