Oceaneering International Earnings Are on Deck

Seth Jayson, The Motley Fool
Updated

Oceaneering International (NYS: OII) is expected to report Q4 earnings on Feb. 13. 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 28.5% and EPS will expand 33.3%.

The average estimate for revenue is $738.0 million. On the bottom line, the average EPS estimate is $0.72.


Revenue details
 Last quarter, Oceaneering International reported revenue of $734.2 million. 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
 Last quarter, EPS came in at $0.78. 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.

Recent performance
 For the preceding 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

The full year's average estimate for revenue is $2.74 billion. The average EPS estimate is $2.64.

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 181 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 175 give Oceaneering International a green thumbs-up, and six 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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The article Oceaneering International Earnings Are on Deck originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool recommends 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.

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