Oceaneering International Inc reports results for the quarter ended June 30 - Earnings Summary
Oceaneering International Inc reports results for the quarter ended June 30 - Earnings Summary
Oceaneering International Inc OII.N reported quarterly adjusted earnings of 65 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 54 cents. The mean expectation of four analysts for the quarter was for earnings of 46 cents per share. Wall Street expected results to range from 43 cents to 50 cents per share.
Revenue rose 10% to $768.18 million from a year ago; analysts expected $734.78 million.
Oceaneering International Inc's reported EPS for the quarter was 65 cents.
The company reported quarterly net income of $65.02 million.
Oceaneering International Inc shares had risen by 10.2% this quarter and gained 85.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.3% 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 "hold" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the oil related services and equipment peer group is "buy."
Wall Street's median 12-month price target for Oceaneering International Inc is $37.50, about 20% below its last closing price of $45.00
This summary was machine generated from LSEG data July 22 at 10:23 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 |
Jun. 30 2026 | 0.46 | 0.65 | Beat |
Mar. 31 2026 | 0.32 | 0.36 | Beat |
Dec. 31 2025 | 0.33 | 0.45 | Beat |
Sep. 30 2025 | 0.43 | 0.71 | Beat |
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Oceaneering International Inc reports results for the quarter ended June 30 - Earnings Summary