Civeo Q3 revenue misses estimates

Civeo

31/10/2025 10:44

Overview

Remote workforce housing services provider's Q3 revenue of $170.5 mln misses analyst expectations

Company repurchased 1.05 mln shares, about 8% of outstanding shares

Australian segment shows yr/yr and sequential revenue and EBITDA growth

Outlook

Civeo tightens full-year 2025 revenue guidance to $640 mln-$655 mln

Company maintains 2025 capital expenditure guidance at $20 mln-$25 mln

Civeo optimistic about increased mobile camp utilization in Canada

Result Drivers

AUSTRALIAN GROWTH - Revenue and EBITDA growth in Australia driven by acquisitions and increased occupancy

CANADIAN COST CUTTING - Cost reductions in Canada led to gross margin expansion despite lower occupancy

SHARE REPURCHASES - Civeo repurchased 1.05 mln shares, completing 69% of its buyback authorization

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$170.49 mln
$173.53 mln (3 Analysts)
Q3 Net Income
-$456,000
Q3 Operating Income
$6.96 mln
Q3 Pretax Profit
$3.58 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 $27.50, about 17.2% above its October 30 closing price of $22.77

The stock recently traded at 522 times the next 12-month earnings vs. a P/E of 194 three months ago

Press Release: ID:nBw1Fny3Xa

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