Oceaneering International (NYSE:OII) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$679.8m (up 7.0% from 3Q 2023).

• Net income: US$41.2m (up 38% from 3Q 2023).

• Profit margin: 6.1% (up from 4.7% in 3Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$0.40 (up from US$0.30 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Oceaneering International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Energy Services industry in the US.

Performance of the American Energy Services industry.

The company's shares are down 1.6% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Oceaneering International you should be aware of.

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