Oceaneering International (NYSE:OII) reported its Q3 earnings results on Wednesday, October 27, 2021 at 05:01 PM.
Here’s what investors need to know about the announcement.
Earnings
Oceaneering International missed their estimated earnings by 125.0%, reporting an EPS of $-0.01 versus an estimate of $0.04, which surprised analysts.
Revenue was up $27,071,000 from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.06, which was followed by a 2.59% increase in the share price the next day.
Here’s a look at Oceaneering International’s past performance:
| Quarter | Q2 2021 | Q1 2021 | Q4 2020 | Q3 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.04 | -0.06 | -0.20 | -0.15 |
| EPS Actual | 0.10 | 0.03 | 0.02 | -0.18 |
| Revenue Estimate | 452.98M | 430.93M | 425.01M | 419.20M |
| Revenue Actual | 498.20M | 437.55M | 424.26M | 439.74M |
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