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

• Oceaneering International Inc OII 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)