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Stock impact report

What's in Store for Oceaneering International Stock in Q1 Earnings? [Yahoo! Finance]

Oceaneering International, Inc. (OII) 
Last oceaneering international, inc. earnings: 2/24 05:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The Zacks Consensus Estimate for earnings is pegged at 36 cents per share and the same for revenues is pinned at $663.56 million. Let us delve into the factors that might have influenced OII's performance in the to-be-reported quarter. Before that, it is worth taking a look at the company's performance in the last reported quarter. In the last reported quarter, Houston, TX-based oil and gas equipment and services company's earnings missed the consensus mark. OII reported an adjusted profit of 37 cents per share, which was 8 cents below the Zacks Consensus Estimate. This was due to lower-than-expected operating income from the company's Manufactured Products, Aerospace and Defense Technologies and Integrity Management & Digital Solutions segments. However, revenues of $713 million beat the Zacks Consensus Estimate by 4.5%. OII's earnings missed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average negative surprise of 28.40%. (Find the latest E Show less Read more
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