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 ...
