Oceaneering International (NYSE: OII) is expected to report Q3 earnings on Oct. 29. 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 21.2% and EPS will expand 8.3%.
The average estimate for revenue is $730.1 million. On the bottom line, the average EPS estimate is $0.78.
Revenue details
Last quarter, Oceaneering International booked revenue of $672.5 million. GAAP reported sales were 23% higher than the prior-year quarter's $545.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS details
Last quarter, EPS came in at $0.67. 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.
Recent performance
For the preceding 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
The full year's average estimate for revenue is $2.72 billion. The average EPS estimate is $2.65.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 770 members out of 785 rating the stock outperform, and 15 members rating it underperform. Among 171 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 163 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 $60.73.
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