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Will Oceaneering International Beat These Analyst Estimates?

By Seth Jayson - Updated Apr 10, 2017 at 1:49PM

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Checking expectations

Oceaneering International (NYSE: OII) is expected to report Q1 earnings on April 23. 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 20.3% and EPS will increase 27.7%.

The average estimate for revenue is $715.4 million. On the bottom line, the average EPS estimate is $0.60.

Revenue details
Last quarter, Oceaneering International chalked up revenue of $780.9 million. GAAP reported sales were 36% higher than the prior-year quarter's $574.2 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, EPS came in at $0.74. GAAP EPS of $0.74 for Q4 were 40% higher than the prior-year quarter's $0.53 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 22.1%, 70 basis points worse than the prior-year quarter. Operating margin was 15.2%, 80 basis points better than the prior-year quarter. Net margin was 10.3%, 10 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.20 billion. The average EPS estimate is $3.23.

Investor sentiment
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 787 members out of 800 rating the stock outperform, and 13 members rating it underperform. Among 152 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 147 give Oceaneering International a green thumbs-up, and five 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 $63.31.

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Oceaneering International, Inc. Stock Quote
Oceaneering International, Inc.
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