Oceaneering International's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Oceaneering International (NYSE:OII) is scheduled to release its quarterly earnings report on February 22, 2024. Analysts predict an EPS of $0.24. The company's past earnings performance shows mixed results with both beats and misses, affecting stock prices variably. Shares are currently trading at $21.68, reflecting a 14.84% increase over the last year. Investors are advised to watch for the earnings outcome and particularly the company's guidance for future growth.
February 21, 2024 | 7:01 pm
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NEUTRAL IMPACT
Oceaneering International is expected to report an EPS of $0.24 for the upcoming quarter. Historical data shows its stock price reacts to earnings outcomes and guidance. Currently, shares have risen 14.84% over the past year.
The expected EPS of $0.24 sets a benchmark for Oceaneering International's performance. Historical earnings performance and the subsequent stock price reactions indicate that the actual earnings outcome and future guidance could significantly impact the stock price. However, given the mixed historical performance, the exact direction of the stock price post-earnings is uncertain, hence a neutral score. The importance is high due to the potential for significant stock price movement, but confidence is not at maximum due to the unpredictability of stock market reactions.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100