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

• 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)