Oceaneering International (NYSE: OII ) is expected to report Q2 earnings on July 24. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Oceaneering International's revenues will grow 17.1% and EPS will grow 25.4%.
The average estimate for revenue is $787.9 million. On the bottom line, the average EPS estimate is $0.84.
Last quarter, Oceaneering International tallied revenue of $718.6 million. GAAP reported sales were 21% higher than the prior-year quarter's $594.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.69. GAAP EPS of $0.69 for Q1 were 47% higher than the prior-year quarter's $0.47 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 22.3%, 160 basis points better than the prior-year quarter. Operating margin was 15.1%, 230 basis points better than the prior-year quarter. Net margin was 10.4%, 180 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $3.19 billion. The average EPS estimate is $3.29.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 801 members out of 815 rating the stock outperform, and 14 members rating it underperform. Among 164 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 160 give Oceaneering International a green thumbs-up, and four 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 $69.83.
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