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

Oceaneering International

24/07/2024 23:57

* Oceaneering International Inc  OII.N  reported quarterly
adjusted earnings of 34 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 18 cents.  The mean expectation of
six analysts for the quarter was for earnings of 30 cents per
share. Wall Street expected results to range from 28 cents to 31
cents per share.
    * Revenue rose 11.9% to $668.81 million from a year ago;
analysts
expected $653.48 million. 
    * Oceaneering International Inc's reported EPS for the
quarter was
34 cents​.
    * The company reported quarterly net income of $35 million.
    * Oceaneering International Inc shares had risen by 10.8%
this
quarter and gained 23.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 8% 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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the oil related
services and equipment peer group is  "hold."

Wall Street's median 12-month price target for Oceaneering
International Inc is $26.00 
This summary was machine generated from LSEG data July 24 at
10:56 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 1 0001       0.30           0.34           Beat
 Mar. 31 2024      -0.15          0.14           Beat
 Dec. 31 2023      0.25           0.19           Missed
 Sep. 30 2023      0.32           0.38           Beat