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

• Oceaneering International Inc OII.N reported quarterly adjusted earnings of 71 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 40 cents. The mean expectation of four analysts for the quarter was for earnings of 43 cents per share. Wall Street expected results to range from 39 cents to 46 cents per share.

• Revenue rose 9.3% to $742.90 million from a year ago; analysts expected $712.48 million.

• Oceaneering International Inc's reported EPS for the quarter was 71 cents​.

• The company reported quarterly net income of $71.29 million.

• Oceaneering International Inc shares had fallen by 4.6% this quarter and lost 9.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6.2% 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 "hold" and the breakdown of recommendations is no "strong buy" or "buy," 4 "hold" and no "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 $23.50, about 0.6% below its last closing price of $23.64

This summary was machine generated from LSEG data October 22 at 10:40 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)