Oceaneering International (OII) reported earnings 30 days ago. What's next for the stock?
OII expects a slight increase in total revenues for fourth-quarter 2024 compared with the third quarter. Adjusted EBITDA is expected to remain unchanged.
Oceaneering International, Inc. (NYSE:OII ) Q3 2024 Earnings Conference Call October 24, 2024 11:00 AM ET Company Participants Hilary Frisbie – Senior Director, Investor Relations Rod Larson – President and Chief Executive Officer Alan Curtis – Senior President and Chief Financial Officer Conference Call Participants Kurt Hallead – Benchmark Sean Mitchell – Daniel Energy Partners David Smith – Pickering Energy Partners Operator Welcome to Oceaneering's Third Quarter 2024 Earnings Conference Call. My name is David, and I'll be your conference operator.
Oceaneering International (OII) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.38 per share a year ago.
OII is expected to report higher revenues from the last quarter's reported level, along with reduced costs for services and products.
Oceaneering International (OII) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Oceaneering (OII) expects full-year 2024 consolidated adjusted EBITDA to be between $340 million and $370 million, with net income anticipated to range from $130 million to $150 million.
Oceaneering International (OII) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.18 per share a year ago.
Oceaneering (OII) is expected to report higher revenues from the year-ago period's level. However, despite this revenue growth, the company is expected to face increased costs of services and products.
Oceaneering's (OII) Offshore Projects Group segment secures multiple contracts for vessel services in the Gulf of Mexico, boosting fleet utilization with IMR, installation and advanced subsea tech.
Oceaneering's (OII) Manufactured Products segment secures a $50 million contract to supply 27 kilometers of umbilical for the Gulf of Mexico Project.
Oceaneering (OII) secures major contracts with Petrobras, boosting revenues by $120-$183 million, and supplying critical subsea technology for offshore oil operations.