Please ensure Javascript is enabled for purposes of website accessibility

Oceaneering International Earnings Preview

By Narrative Science – Updated Nov 7, 2016 at 7:04PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Oceaneering International will unveil its latest earnings on Wednesday, July 27.

Oceaneering International (NYSE: OII) will try to beat its earnings estimates for the fourth consecutive quarter. The company will unveil its latest earnings on Wednesday, July 27. Oceaneering International is an oil field provider of engineered services and products, mainly to the offshore oil and gas industry, with a focus on deep water applications.

What analysts say:

  • Buy, sell, or hold?: Analysts are bullish on this stock with 11 analysts rating it as a buy and only one rating it as a sell. Analysts don't like Oceaneering International as much as competitor Superior Energy Services overall. Wall Street has warmed to the stock over the past three months, with analysts increasing their endorsement from hold to moderate buy.
  • Revenue Forecasts: On average, analysts predict $507.1 million in revenue this quarter. That would represent a rise of 9.2% from the year-ago quarter.
  • Wall Street Earnings Expectations: The average analyst estimate is earnings of $0.48 per share. Estimates range from $0.47 to $0.50.

What our community says:
CAPS All Stars are solidly behind the stock, with 97.6% assigning it an "outperform" rating. The community at large agrees with the All Stars, with 98.1% giving it a rating of "outperform." Fools are bullish on Oceaneering International and haven't been shy with their opinions lately, logging 178 posts in the past 30 days. Even with a robust four out of five stars, Oceaneering International's CAPS rating falls a little short of the community's upbeat outlook.

Management:
Oceaneering International's profit has risen year over year by an average of 10.7%. Revenue has now gone up for three straight quarters.

Now let's look at how efficient management is at running the business. Traditionally, margins represent the efficiency with which companies capture portions of sales dollars. The following table shows gross, operating, and net margins over the past four quarters:

Quarter

Q1

Q4

Q3

Q2

Gross Margin

21.0%

23.4%

24.3%

26.6%

Operating Margin

13.0%

14.7%

17.1%

18.4%

Net Margin

8.9%

9.5%

11.5%

11.7%

We can help you keep tabs on your companies with My Watchlist, our free, personalized service. Add Oceaneering International now.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

None

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Oceaneering International, Inc. Stock Quote
Oceaneering International, Inc.
OII
$7.63 (-8.18%) $0.68

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
329%
 
S&P 500 Returns
106%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 09/24/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.