Oceaneering (OII) to Report Q2 Earnings: What's in Store?

Core Viewpoint - Oceaneering International, Inc. (OII) is expected to report improved revenues for the second quarter, with projections indicating an increase to $676.4 million from $597.9 million in the same quarter last year, driven by strong performance across various segments [3][17]. Revenue and Earnings Estimates - The Zacks Consensus Estimate for OII's second-quarter earnings is set at 37 cents per share, with revenues estimated at $665.18 million [15]. - The estimated revenue for the second quarter reflects an 11.25% increase year-over-year, while the earnings estimate indicates a significant 105.56% year-over-year increase [17]. Performance Analysis - In the last reported quarter, OII's revenues were $599.1 million, which fell short of the Zacks Consensus Estimate by 2.4%. The company has had mixed results in earnings, beating estimates once in the last four quarters and missing in three, resulting in an average negative earnings surprise of 17.5% [7][16]. - The company's cost of services and products is projected to reach $676.4 million, a 13.1% increase from the previous year, which may impact overall profitability despite revenue growth [9]. Segment Performance - The Subsea Robotics segment is expected to grow by 11.4%, the Manufactured Products segment by 3.3%, the Offshore Projects Group segment by 12.25%, and the Integrity Management & Digital Solutions segment by 30.2% compared to the same quarter last year [18]. Earnings Prediction Model - The current Earnings ESP for OII is 0.00%, indicating that the model does not predict an earnings beat for this quarter. The company holds a Zacks Rank of 3, suggesting a hold position [10][19][20].