Oceaneering International, Inc. (NYSE:OII) is reporting third quarter financial results on Wednesday 28th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, OII is expected to report 3Q20 loss of $ 0.15 per share from revenue of $ 419.20 million.
For the full year, analysts anticipate top line of $ 1786.45 million, while looking forward to loss of $ 0.48 per share bottom line.
Previous Quarter Performance
Oceaneering International, Inc. recorded loss for the second quarter of $ 0.14 per share, from the revenue of $ 427.22 million. The consensus estimates are loss of $ 0.21 per share from $ 453.65 million in revenue. The bottom line results beat street analysts by $ 0.07 or 33.33 percent, at the same time, top line results fell short of analysts by $ 26.43 million or 5.83 percent.
Stock Performance
Shares of Oceaneering International, Inc. traded low $ -0.04 or -1.03 percent on Tuesday, reaching $ 3.86 with volume of 850.00 thousand shares. Oceaneering International, Inc. has traded high as $ 3.96 and has cracked $ 3.73 on the downward trend
According to the previous trading day, closing price of $ 3.86, representing a 94.03 % increase from the 52 week low of $ 2.01 and a 75.63 % decrease over the 52 week high of $ 16.00.
The company has a market capital of $ 383.25 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
Oceaneering International, Inc. provides engineered services and products to the offshore oil and gas industry, as well as to defense, aerospace, and commercial theme park industries worldwide. The companys Remotely Operated Vehicles (ROVs) segment offers submersible vehicles for drill support, vessel-based inspection, maintenance and repair, installation and construction support, pipeline inspection and surveys, and subsea production facility operation and maintenance services.
