Helios Technologies Inc reports results for the quarter ended September 30 - Earnings Summary

• Helios Technologies Inc HLIO reported quarterly adjusted earnings of 72 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 59 cents. The mean expectation of five analysts for the quarter was for earnings of 66 cents per share. Wall Street expected results to range from 63 cents to 69 cents per share.

• Revenue rose 13.3% to $220.30 million from a year ago; analysts expected $211.75 million.

• Helios Technologies Inc's reported EPS for the quarter was 31 cents​.

• The company reported quarterly net income of $10.3 million.

• Helios Technologies Inc shares had risen by 6.2% this quarter and gained 24.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 19.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 5 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

• Wall Street's median 12-month price target for Helios Technologies Inc is $58.00, about 2.4% above its last closing price of $56.58

This summary was machine generated from LSEG data November 3 at 11:26 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)