Oceaneering International (OII) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - Oceaneering International (OII) is expected to report a year-over-year increase in earnings and revenues for the quarter ended December 2024, with a consensus outlook that will significantly influence its stock price depending on actual results compared to estimates [1][2]. Earnings Expectations - The consensus estimate for OII's quarterly earnings is $0.45 per share, reflecting a year-over-year increase of +136.8%. Revenues are anticipated to be $681.86 million, which is a 4.2% increase from the previous year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly altered their initial estimates during this period [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for OII is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +10.11%, indicating a bullish sentiment among analysts regarding the company's earnings prospects [10]. Historical Performance - In the last reported quarter, OII was expected to post earnings of $0.44 per share but only achieved $0.36, resulting in a surprise of -18.18%. The company has not beaten consensus EPS estimates in any of the last four quarters [12][13]. Stock Movement Potential - The stock may experience upward movement if the upcoming earnings report exceeds expectations, while a miss could lead to a decline. The sustainability of any immediate price change will depend on management's discussion of business conditions during the earnings call [2][14]. Investment Considerations - While OII appears to be a compelling earnings-beat candidate, investors should consider other factors beyond earnings surprises when making investment decisions [16].