Is Oceaneering International (OII) a Solid Growth Stock? 3 Reasons to Think "Yes"

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying those that can fulfill their potential is challenging due to associated risks and volatility [1] Group 1: Company Overview - Oceaneering International (OII) is highlighted as a recommended growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 118.9%, with projected EPS growth of 75.9% this year, significantly outperforming the industry average of -16.6% [5] Group 2: Financial Metrics - Oceaneering International has an asset utilization ratio (sales-to-total-assets ratio) of 1.19, indicating it generates $1.19 in sales for every dollar in assets, compared to the industry average of 0.93 [7] - The company's sales are expected to grow by 6.2% this year, while the industry average is 0% [8] Group 3: Earnings Estimates - There has been a positive trend in earnings estimate revisions for Oceaneering International, with the Zacks Consensus Estimate for the current year increasing by 11.4% over the past month [10] - The combination of a Zacks Rank 2 and a Growth Score of B suggests that Oceaneering International is a potential outperformer and a solid choice for growth investors [12]