
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.

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 .
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