Oceaneering International Inc reports results for the quarter ended in September 30 - Earnings Summary

Oceaneering International

24/10/2024 04:03

* Oceaneering International Inc  OII.N  reported quarterly
adjusted earnings of 40 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of 38 cents.  The mean expectation of
five analysts for the quarter was for earnings of 44 cents per
share. Wall Street expected results to range from 38 cents to 50
cents per share.
    * Revenue rose 7% to $679.81 million from a year ago;
analysts
expected $691.99 million. 
    * Oceaneering International Inc's reported EPS for the
quarter was
40 cents​.
    * The company reported quarterly net income of $41.24
million.
    * Oceaneering International Inc shares had fallen by 4.0%
this
quarter and gained 12.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.3%
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," 1
"hold" and 1 "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 $29.00 
This summary was machine generated from LSEG data October 24 at
03:03 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
 Sep. 30 2024      0.44           0.40           Missed
 Jun. 30 2024      0.34           0.34           Met
 Mar. 31 2024      -0.06          0.14           Beat
 Dec. 31 2023      0.25           0.19           Missed