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

Oceaneering International

27/04/2023 24:27

* Oceaneering International Inc  OII.N  reported quarterly
adjusted earnings of 5 cents​​ per share for the quarter ended
in March. The mean expectation of eight analysts for the quarter
was for earnings of 8 cents per share.
    * Revenue rose 20.4% to $536.99 million from a year ago;
analysts
expected $514.02 million. 
    * Oceaneering International Inc's reported EPS for the
quarter was
4 cents​.
    * The mean earnings estimate of analysts had fallen by
about 36.1%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Oceaneering International Inc shares had fallen by 3.2%
this
quarter and lost 2.5% so far this year.
    * The company reported quarterly net income of $4.06
million.
    * Wall Street's median 12-month price target for Oceaneering
International Inc is $22.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 26 at 11:27 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.12           0.07           Missed