Insights into Oceaneering International's Upcoming Earnings

Oceaneering International (NYSE:OII) is gearing up to announce its quarterly earnings on Wednesday, 2024-10-23. Here's a quick overview of what investors should know before the release.

Analysts are estimating that Oceaneering International will report an earnings per share (EPS) of $0.44.

Anticipation surrounds Oceaneering International's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Overview of Past Earnings

The company's EPS missed by $0.02 in the last quarter, leading to a 13.75% increase in the share price on the following day.

Here's a look at Oceaneering International's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.30

-0.24

0.24

0.32

EPS Actual

0.28

0.14

0.19

0.38

Price Change %

14.000000000000002%

7.000000000000001%

-2.0%

-8.0%

Performance of Oceaneering International Shares

Shares of Oceaneering International were trading at $24.18 as of October 21. Over the last 52-week period, shares are down 0.75%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

Analyst Insights on Oceaneering International

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Oceaneering International.

With 2 analyst ratings, Oceaneering International has a consensus rating of Buy. The average one-year price target is $29.0, indicating a potential 19.93% upside.

Peer Ratings Comparison

In this comparison, we explore the analyst ratings and average 1-year ...