Civeo Corp reports results for the quarter ended in September 30 - Earnings Summary

Civeo

30/10/2024 15:19

* Civeo Corp  CVEO.N  reported a quarterly adjusted loss
of 36
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 61
cents.  The mean expectation of three analysts for the quarter
was for a loss of 2 cents per share. Wall Street expected
results to range from -12 cents to 16 cents per share.
    * Revenue fell 3.9% to $176.34 million from a year ago;
analysts
expected $168.76 million. 
    * Civeo Corp's reported EPS for the quarter was a loss of 36
cents​.
    * The company reported a quarterly loss of $5.09 million.
    * Civeo Corp shares had risen by 0.3% this quarter and
gained 20.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 135%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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." 
    * The average consensus recommendation for the real estate
rental,
development & operations peer group is also "strong buy"

Wall Street's median 12-month price target for Civeo Corp is
32.50 
This summary was machine generated from LSEG data October 30 at
03:19 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
 Sep. 30 2024      -0.02          -0.36          Missed
 Jun. 30 2024      0.21           0.56           Beat
 Mar. 31 2024      -0.20          -0.35          Missed
 Dec. 31 2023      0.07           -0.68          Missed