Civeo misses Q4 revenue estimates, sets additional share buyback

Civeo

03/03/2026 11:41

Overview

Hospitality services provider's Q4 revenue missed analyst expectations

Canadian segment improved margins due to cost-cutting initiatives

Company announced additional share repurchase authorization of up to 10%

Outlook

Civeo expects 2026 revenue between $650.0 mln and $700.0 mln

Company projects 2026 Adjusted EBITDA of $85.0 mln to $90.0 mln

Result Drivers

AUSTRALIAN REVENUE - Record annual revenues in Australia driven by acquisition of villages and increased services activity

CANADIAN MARGIN IMPROVEMENT - Cost-cutting initiatives led to margin improvement in Canadian operations

Company press release: ID:nBw9PQhG0a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$161.62 mln
$170.17 mln (3 Analysts)
Q4 Net Income
-$6.46 mln
Q4 Operating Income
-$135,000
Q4 Pretax Profit
-$3.57 mln


Analyst Coverage

The one available analyst rating on the shares is "strong buy"

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

Wall Street's median 12-month price target for Civeo Corp is $30.50, about 9.6% above its March 2 closing price of $27.82

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)