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.
Oceaneering (OII) and TotalEnergies join forces to revolutionize subsea pipeline inspection with Freedom AUV. It cuts inspection time and emissions by 50%.
Oceaneering International (OII) reported earnings 30 days ago. What's next for the stock?