Civeo Q2 revenue just shy of estimates, keeps FY outlook

Civeo

29/07/2025 11:39

Overview

Civeo Q2 revenue of $162.7 mln missed analyst expectations

Company reports Q2 net loss of $3.3 mln, contrasting last year's profit

Co repurchased 883,000 shares, about 7% of total shares outstanding in Q2

Outlook

Civeo maintains 2025 revenue guidance of $640 mln to $670 mln

Company maintains 2025 adjusted EBITDA guidance of $86 mln to $96 mln

Civeo maintains 2025 capital expenditure guidance of $20 mln to $25 mln

Result Drivers

AUSTRALIAN GROWTH - Revenue increase driven by acquisition of four villages in the Bowen Basin and margin improvement in integrated services

CANADIAN DECLINE - Revenue drop attributed to decreased billed rooms due to ongoing customer spending reductions

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$162.69 mln
$163 mln (3 Analysts)
Q2 EPS
-$0.25
Q2 Net Income
-$3.31 mln
Q2 Operating Income
$2.80 mln
Q2 Pretax Profit
$295,000


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 $27.50, about 10.7% above its July 28 closing price of $24.55

The stock recently traded at 158 times the next 12-month earnings vs. a P/E of 933 three months ago

Press Release: ID:nBw9zdMzya

(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.)