Asian stocks buoyed by dovish Fed, declining Treasury yields boost equities

Asian equities are largely on the bullish side after the US Federal Reserve’s chairman, Jerome Powell, reversed the US central bank’s previously-hawkish policy, suggesting that current rates are much closer to normal than his previous showings, wordlessly suggesting to broader markets that the Fed may ease off their current path of rate hikes much sooner than previously expected.

Equities Analysts Set Expectations for Oceaneering International’s FY2018 Earnings (NYSE:OII)

Oceaneering International (NYSE:OII) – Stock analysts at SunTrust Banks dropped their FY2018 earnings per share estimates for shares of Oceaneering International in a research report issued on Wednesday, November 7th, according to Zacks Investment Research. SunTrust Banks analyst K. Sill now forecasts that the oil and gas company will post earnings per share of ($1.05) for the year, down from their prior forecast of ($1.01). SunTrust Banks currently has a “Hold” rating and a $24.00 price objective on the stock. SunTrust Banks also issued estimates for Oceaneering International’s Q4 2018 earnings at ($0.23) EPS, Q1 2019 earnings at ($0.23) EPS, Q2 2019 earnings at ($0.10) EPS, Q3 2019 earnings at $0.03 EPS, Q4 2019 earnings at ($0.06) EPS, FY2019 earnings at ($0.35) EPS, Q1 2020 earnings at ($0.06) EPS, Q2 2020 earnings at $0.06 EPS and Q3 2020 earnings at $0.19 EPS.

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