Oceaneering International Inc expected to post earnings of 44 cents a share - Earnings Preview

Oceaneering International

21/10/2024 22:58

* Oceaneering International Inc  OII.N   OII  is expected
to show
a rise in quarterly revenue when it reports  results on October
23 for the period ending September 30 2024
    * The Houston Texas-based  company is expected to report a
8.9% increase in revenue to $691.985 million from $635.18
million a year ago, according to the mean estimate from 4
analysts, based on LSEG data.The company's guidance on July 24
2024, for the period ended September 30, was for revenue between
$647.88 million and $666.94 million.
    * ​LSEG's mean analyst estimate for Oceaneering
International Inc
is for earnings of 44 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Oceaneering
International Inc is $29.00​, above​ its last closing price
of $24.18. ​​​

The company's guidance on July 24 2024 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD647.8836 million and
USD105 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.30        0.34       0.34      Met     1.2
 Mar. 31 0001  -0.16       -0.06      0.14      Beat    322.2
 Dec. 31 2023  0.25        0.25       0.19      Missed  -22.5​
 Sep. 30 2023  0.33                   0.38              18.7
 ​​Jun.        0.29                   0.18              -38.3
 30 2023                                                
 Dec. 31 2022  0.07        0.08       0.05      Missed  -39.1​
 Dec. 31 2022  0.19        0.19       0.06      Missed  -68.4
 Sep. 30 2022  0.11        0.11       0.23      Beat    114
 This summary was machine generated October 21 at 21:58 GMT.  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)