Oceaneering International (NYSE: OII) reported earnings on July 25. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q2), Oceaneering International met expectations on revenue and beat slightly on earnings per share.

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

Margins increased across the board.

Revenue details
Oceaneering International tallied revenue of $672.5 million. The 14 analysts polled by S&P Capital IQ predicted revenue of $668.6 million on the same basis. GAAP reported sales were 23% higher than the prior-year quarter's $545.8 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 $0.67. The 17 earnings estimates compiled by S&P Capital IQ forecast $0.66 per share. GAAP EPS of $0.67 for Q2 were 29% higher than the prior-year quarter's $0.52 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 24.0%, 90 basis points better than the prior-year quarter. Operating margin was 16.4%, 140 basis points better than the prior-year quarter. Net margin was 10.8%, 40 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $723.1 million. On the bottom line, the average EPS estimate is $0.76.

Next year's average estimate for revenue is $2.71 billion. The average EPS estimate is $2.63.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 764 members out of 781 rating the stock outperform, and 17 members rating it underperform. Among 161 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 154 give Oceaneering International a green thumbs-up, and seven 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 $60.73.

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