Oceaneering International(OII) ZACKS·2025-02-20 00:16Core Viewpoint - Oceaneering International reported quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.45 per share, but showing an increase from $0.19 per share a year ago, indicating a -17.78% earnings surprise [1] Group 1: Earnings Performance - The company has not surpassed consensus EPS estimates over the last four quarters [2] - Oceaneering International's revenues for the quarter ended December 2024 were $713.45 million, exceeding the Zacks Consensus Estimate by 4.63%, compared to $654.63 million in the same quarter last year [2] - The company has topped consensus revenue estimates three times in the last four quarters [2] Group 2: Stock Performance and Outlook - Oceaneering International shares have declined approximately 1.5% since the beginning of the year, while the S&P 500 has gained 4.2% [3] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at $0.34 for the upcoming quarter and $1.79 for the current fiscal year [4][7] - The Zacks Rank for Oceaneering International is currently 3 (Hold), indicating expected performance in line with the market [6] Group 3: Industry Context - The Oil and Gas - Field Services industry, to which Oceaneering International belongs, is currently ranked in the bottom 21% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact investor sentiment [5]