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.

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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 $0.47. 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.

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Seth Jayson owned shares of the following at the time of publication: Oceaneering International. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Motley Fool newsletter services have recommended buying shares of Oceaneering International. 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.