Oceaneering International (NYSE: OII) reported earnings on Feb. 15. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Oceaneering International met expectations on revenues and beat expectations on earnings per share.

Compared to the prior-year quarter, revenue grew, and GAAP earnings per share increased significantly.

Gross margins shrank, operating margins dropped, and net margins expanded.

Revenue details
Oceaneering International reported revenue of $574.2 million. The 16 analysts polled by S&P Capital IQ predicted sales of $569.5 million on the same basis. GAAP reported sales were 15% higher than the prior-year quarter's $501.3 million.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at $0.54. The 18 earnings estimates compiled by S&P Capital IQ forecast $0.52 per share. GAAP EPS of $0.54 for Q4 were 23% higher than the prior-year quarter's $0.44 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 22.8%, 60 basis points worse than the prior-year quarter. Operating margin was 14.4%, 30 basis points worse than the prior-year quarter. Net margin was 10.2%, 70 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $582 million. On the bottom line, the average EPS estimate is $0.49.

Next year's average estimate for revenue is $2.61 billion.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 739 members rating the stock outperform and 15 members rating it underperform. Among 199 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 193 give Oceaneering International a green thumbs-up, and six give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Oceaneering International is outperform, with an average price target of $50.65.

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