Oceaneering International(OII) ZACKS·2025-04-23 23:15Company Performance - Oceaneering International (OII) reported quarterly earnings of $0.43 per share, exceeding the Zacks Consensus Estimate of $0.36 per share, and showing a significant increase from $0.14 per share a year ago, representing an earnings surprise of 19.44% [1] - The company posted revenues of $674.52 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.65%, and up from $599.09 million in the same quarter last year [2] - Oceaneering International has surpassed consensus revenue estimates four times over the last four quarters [2] Stock Performance - Oceaneering International shares have declined approximately 33.4% since the beginning of the year, compared to a decline of 10.1% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.40 on revenues of $698.49 million, and for the current fiscal year, it is $1.75 on revenues of $2.73 billion [7] Industry Outlook - The Oil and Gas - Field Services industry, to which Oceaneering International belongs, is currently ranked in the top 35% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]