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

The 10-second takeaway
For the quarter ended March 31 (Q1), Oceaneering International beat expectations on revenue and beat slightly on earnings per share.

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

Margins contracted across the board.

Revenue details
Oceaneering International booked revenue of $594.9 million. The 16 analysts polled by S&P Capital IQ predicted a top line of $581.4 million on the same basis. GAAP reported sales were 26% higher than the prior-year quarter's $470.4 million.

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 $0.47. The 19 earnings estimates compiled by S&P Capital IQ averaged $0.46 per share. GAAP EPS of $0.47 for Q1 were 21% higher than the prior-year quarter's $0.39 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 20.7%, 30 basis points worse than the prior-year quarter. Operating margin was 12.8%, 20 basis points worse than the prior-year quarter. Net margin was 8.6%, 30 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $666.6 million. On the bottom line, the average EPS estimate is $0.67.

Next year's average estimate for revenue is $2.65 billion. The average EPS estimate is $2.61.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 761 members out of 776 rating the stock outperform, and 15 members rating it underperform. Among 175 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 167 give Oceaneering International a green thumbs-up, and eight 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 $57.71.

Is Oceaneering International the right energy stock for you? Read about a handful of timely, profit-producing plays on expensive crude in our free report: "3 Stocks for $100 Oil." Click here for instant access to this free report.