close

Earnings To Watch: Oceaneering (OII) Reports Q1 Results Tomorrow

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

OII Cover Image

Offshore services provider Oceaneering International (NYSE: OII) will be reporting results this Wednesday afternoon. Here’s what to look for.

Oceaneering missed analysts’ revenue expectations last quarter, reporting revenues of $668.6 million, down 6.3% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a decent beat of analysts’ EBITDA estimates.

Is Oceaneering a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Oceaneering’s revenue to be flat year on year, slowing from the 12.6% increase it recorded in the same quarter last year.

Oceaneering Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Oceaneering has missed Wall Street’s revenue estimates multiple times over the last two years.

With Oceaneering being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for upstream & integrated stocks. However, the whole sector has faced a sell-off over the last month with stocks in Oceaneering’s peer group down 3.6% on average. Oceaneering is up 3.7% during the same time .

ALSO WORTH WATCHING: Nvidia’s Quiet Partner. Nvidia’s chips cost a hundred grand. The connectors that make them work cost even more. One company makes them all.

Every AI server needs specialized infrastructure the chip companies don’t make. High-speed cables. Power connectors. Thermal sensors. This 90-year-old company built a monopoly on it. The AI boom just started. This stock is still flying under the radar. Claim The Stock Ticker Here for FREE.

Report this content

If you believe this article contains misleading, harmful, or spam content, please let us know.

Report this article

More News

View More

Recent Quotes

View More
Symbol Price Change (%)
AMZN  255.36
+5.45 (2.18%)
AAPL  273.17
+7.00 (2.63%)
AMD  303.46
+18.97 (6.67%)
BAC  53.12
-0.36 (-0.67%)
GOOG  337.73
+7.26 (2.20%)
META  674.72
+5.88 (0.88%)
MSFT  432.92
+8.76 (2.07%)
NVDA  202.50
+2.62 (1.31%)
ORCL  187.50
+6.33 (3.49%)
TSLA  387.51
+1.09 (0.28%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.

Starting at $3.75/week.

Subscribe Today