Recap: Helios Technologies Q2 Earnings

Helios Technologies HLIO reported its Q2 earnings results on Monday, August 8, 2022 at 04:15 PM.

Here's what investors need to know about the announcement.

Helios Technologies beat estimated earnings by 0.85%, reporting an EPS of $1.18 versus an estimate of $1.17.

Revenue was up $18.25 million from the same period last year.

Last quarter the company beat on EPS by $0.22 which was followed by a 2.29% drop in the share price the next day.

Here's a look at Helios Technologies's past performance:

Quarter	Q1 2022	Q4 2021	Q3 2021	Q2 2021
EPS Estimate	0.96	0.83	0.80	0.86
EPS Actual	1.18	1.01	1.07	1.20
Revenue Estimate	221.02M	204.80M	195.93M	187.22M
Revenue Actual	240.55M	217.69M	223.24M	223.41M

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Helios Technologies management provided guidance for FY 2022, expecting earnings between $4.35 and $4.6 per share.

To track all earnings releases for Helios Technologies visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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