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Golf Clap for Oceaneering International

By Seth Jayson - Updated Apr 7, 2017 at 12:02PM

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Just the facts, Fool.

Oceaneering International (NYSE: OII) reported earnings on Oct. 29. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q3), Oceaneering International met expectations on revenues and met expectations on earnings per share.

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

Margins shrank across the board.

Revenue details
Oceaneering International reported revenue of $734.2 million. The 16 analysts polled by S&P Capital IQ looked for revenue of $730.7 million on the same basis. GAAP reported sales were 22% higher than the prior-year quarter's $602.2 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 $0.78. The 18 earnings estimates compiled by S&P Capital IQ predicted $0.78 per share. GAAP EPS of $0.78 for Q3 were 8.3% higher than the prior-year quarter's $0.72 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 23.3%, 210 basis points worse than the prior-year quarter. Operating margin was 16.9%, 130 basis points worse than the prior-year quarter. Net margin was 11.5%, 150 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $728.2 million. On the bottom line, the average EPS estimate is $0.73.

Next 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 $61.53.

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Stocks Mentioned

Oceaneering International, Inc. Stock Quote
Oceaneering International, Inc.
OII
$10.77 (0.84%) $0.09

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