Oceaneering International Q3 2024 Adj. EPS $0.36 Misses $0.44 Estimate, Sales $679.811M Miss $691.985M Estimate
Portfolio Pulse from Benzinga Newsdesk
Oceaneering International reported Q3 2024 earnings of $0.36 per share, missing the $0.44 estimate. Sales were $679.811M, below the $691.985M estimate. Earnings decreased by 5.26% from last year, while sales increased by 7.03%.
October 23, 2024 | 9:02 pm
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NEGATIVE IMPACT
Oceaneering International's Q3 2024 earnings and sales both missed analyst estimates, with EPS at $0.36 and sales at $679.811M. This could negatively impact the stock price in the short term.
The earnings per share (EPS) and sales figures both missed analyst expectations, which typically leads to negative sentiment and potential short-term stock price decline. The EPS miss was significant at 18.18%, and sales were also below expectations, despite a year-over-year increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100