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

Oceaneering International

27/07/2023 24:44

* Oceaneering International Inc  OII.N  reported quarterly
adjusted earnings of 18 cents​​ per share for the quarter ended
in June. The mean expectation of seven analysts for the quarter
was for earnings of 29 cents per share.
    * Revenue rose 14.1% to $597.91 million from a year ago;
analysts
expected $601.64 million. 
    * Oceaneering International Inc's reported EPS for the
quarter was
19 cents​.
    * The mean earnings estimate of analysts had risen by
about 16% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Oceaneering International Inc shares had risen by 26.5%
this
quarter and gained 35.3% so far this year.
    * The company reported quarterly net income of $19 million.
    * Wall Street's median 12-month price target for Oceaneering
International Inc is $22.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 11:44 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.29           0.18           Missed
 Mar. 31 2023      0.08           0.05           Missed
 Dec. 31 2022      0.19           0.06           Missed
 Sep. 30 2022      0.11           0.23           Beat