Civeo Corp reports results for the quarter ended in December - Earnings Summary

Civeo

29/02/2024 14:32

* Civeo Corp  CVEO.N  reported quarterly adjusted earnings
of
$1.55​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$-1.31.  The mean expectation of three analysts for the quarter
was for earnings of 7 cents per share. Wall Street expected
results to range from -28 cents to 74 cents per share.
    * Revenue rose 5.3% to $170.80 million from a year ago;
analysts
expected $151.12 million. 
    * Civeo Corp's reported EPS for the quarter was $1.55​.
    * The company reported quarterly net income of $23.03
million.
    * Civeo Corp shares had fallen by 1.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Civeo Corp
is
$31.50 

This summary was machine generated from LSEG data February 29 at
02:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.07           1.55           Beat
 Sep. 30 2023      0.21           0.61           Beat
 Jun. 30 2023      0.31           0.30           Missed
 Mar. 31 2023      -0.26          -0.42          Missed