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

Oceaneering International

24/04/2024 23:51

* Oceaneering International Inc  OII.N  reported quarterly
adjusted earnings of 14 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 5 cents.  The mean expectation of
six analysts for the quarter was for a loss of 24 cents per
share. Wall Street expected results to range from -70 cents to 8
cents per share.
    * Revenue rose 11.6% to $599.09 million from a year ago;
analysts
expected $587.42 million. 
    * Oceaneering International Inc's reported EPS for the
quarter was
15 cents​.
    * The company reported quarterly net income of $15.14
million.
    * Oceaneering International Inc shares had fallen by 0.8%
this
quarter and gained 9.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 192.2% 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 $24.00 
This summary was machine generated from LSEG data April 24 at
10:50 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
 Mar. 31 2024      -0.24          0.14           Beat
 Dec. 31 2023      0.25           0.19           Missed
 Sep. 30 2023      0.32           0.38           Beat
 Jun. 30 2023      0.29           0.18           Missed