What's in Store for Oceaneering International Stock in Q3 Earnings?

Oceaneering International, Inc. OII is set to report third-quarter earnings on Oct. 22, after the closing bell. The Zacks Consensus Estimate for earnings is pegged at 42 cents per share and the same for revenues is pinned at $710.07 million.Let us delve into the factors that might have influenced OII’s performance in the to-be-reported quarter. Before that, it is worth taking a look at the company’s performance in the last reported quarter.Highlights of OII’s Q2 EarningsIn the last reported quarter, Houston, TX-based oil and gas equipment and services company’s earnings beat the consensus mark. OII reported an adjusted profit of 49 cents per share, which was 7 cents higher than the Zacks Consensus Estimate. This was due to year-over-year strong operating income from its segments. OII’s total revenues were $698.2 million, which was in line with the Zacks Consensus Estimate.The company’s earnings beat the Zacks Consensus Estimate in two of the last four quarters and missed in the other two, resulting in an average surprise of 0.04%.This is depicted in the graph below:    Oceaneering International, Inc. Price and EPS Surprise Oceaneering International, Inc. price-eps-surprise | Oceaneering International, Inc. QuoteTrend in Estimate Revision for OII StockThe Zacks Consensus Estimate for third-quarter 2025 earnings has not witnessed any movement in the past seven days. The estimated figure indicates a 16.67% year-over-year increase. The Zacks Consensus Estimate for revenues implies an increase of 4.45% from the year-ago period’s actual.Factors to Consider Ahead of OII’s Q3 Results   Oceaneering's revenues are mainly driven by demand for its services and products from the offshore energy industry, particularly in areas with deepwater exploration and production activities. Additionally, the company serves other industries, such as defense and aerospace, diversifying its revenue streams. We expect that the company's revenues are likely to have improved in the quarter to be reported.The Zacks Consensus Estimate predicts third-quarter revenues to increase from the year-ago quarter’s $679.8 million.  This expected growth is primarily driven by strong performance in the energy services and products segment — particularly in the Subsea Robotics and Manufactured Products sub-segments — as well as continued strength in the Aerospace and Defense Technologies segment. According to our model estimates, the Subsea Robotics sub-segment is projected to grow 5%, while the Manufactured Products sub-segment is expected to increase 6.3% compared with the year-ago quarter’s levels.On a somewhat bearish note, the increase in OII’s costs might have dented its to-be-reported bottom line.  The company’s cost of services and products is projected to reach $564.5 million in the third quarter, which is 2.8% up from the year-ago quarter’s $506.7 million. Moreover, its selling, general and administrative expenses are expected to increase from $59.6 million to $65.3 million in the same time frame.What Does Our Model Predict for OII?The proven Zacks model does not conclusively predict an earnings beat for Oceaneering International this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. This is not the case here.OII’s Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, for this company is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.OII’s Zacks Rank:  OII currently carries a Zacks Rank #3.Stocks to ConsiderHere are some firms from the energy space that you may want to consider, as these have the right combination of elements to post an earnings beat this season.Archrock, Inc. AROC has an Earnings ESP of +7.32% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.Archrock is set to announce its earnings on Oct. 28, following the close of market trading. The company is a leading provider of natural gas compression services to customers in the oil and natural gas industry throughout the United States. Archrock’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 6.50%. Valued at around $4.27 billion, Archrock’s shares have gained 12.8% in a year.Antero Midstream AM is slated to release its earnings on Oct. 29 after the closing bell. The company currently carries an Earnings ESP of +2.46% and a Zacks Rank #3.Antero Midstream is a midstream energy company that provides gathering, compression, processing and water handling services to support natural gas and natural gas liquids production, primarily for Antero Resources in the Appalachian Basin. In the past four quarters, AM’s earnings beat the Zacks Consensus Estimate twice, reported one break-even earnings and missed once, resulting in an average surprise of 1.13%. Valued at around $8.77 billion, AM’s shares have gained 18.5% in a year.Valued at around $3.12 billion, Transocean RIG currently has an Earnings ESP of +18.42% and a Zacks Rank #3. The company is scheduled to release its earnings on Oct. 29.Transocean is a leading offshore drilling contractor that provides drilling services for oil and gas wells worldwide. The company’searnings beat the Zacks Consensus Estimate thrice in the trailing four quarters while missing once, delivering an average negative surprise of 195.83%.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Transocean Ltd. (RIG): Free Stock Analysis Report Antero Midstream Corporation (AM): Free Stock Analysis Report Oceaneering International, Inc. (OII): Free Stock Analysis Report Archrock, Inc. (AROC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks