Oceaneering International Inc reports results for the quarter ended in December - Earnings Summary

Oceaneering International

23/02/2024 08:50

* Oceaneering International Inc  OII.N  reported quarterly
adjusted earnings of 19 cents​​ per share for the quarter ended
in December, higher than the same quarter last year, when the
company reported EPS of 6 cents.  The mean expectation of
six analysts for the quarter was for earnings of 25 cents per
share. Wall Street expected results to range from 22 cents to 30
cents per share.
    * Revenue rose 22.1% to $654.63 million from a year ago;
analysts
expected $627.44 million. 
    * Oceaneering International Inc's reported EPS for the
quarter was
44 cents​.
    * The company reported quarterly net income of $44.53
million.
    * Oceaneering International Inc shares had risen by 5.9%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the oil related
services and equipment peer group is also "buy"

Wall Street's median 12-month price target for Oceaneering
International Inc is $24.50 
This summary was machine generated from LSEG data February 23 at
08:50 a.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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.25           0.19           Missed
 Sep. 30 2023      0.32           0.38           Beat
 Jun. 30 2023      0.29           0.18           Missed
 Mar. 31 2023      0.08           0.05           Missed