Civeo (NYSE:CVEO) Releases Earnings Results, Beats Expectations By $0.77 EPS

Civeo (NYSE:CVEO) announced its quarterly earnings results on Thursday. The business services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.77, Zacks reports. The company had revenue of $193.10 million during the quarter, compared to analyst estimates of $174.05 million. Civeo had a negative net margin of 1.08% and a negative return on equity of 4.62%.

Civeo Stock Performance

Shares of NYSE:CVEO traded up $5.40 during mid-day trading on Friday, reaching $35.95. 1,092,083 shares of the company traded hands, compared to its average volume of 139,380. The company’s 50 day moving average price is $32.28 and its 200-day moving average price is $30.99. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.89 and a quick ratio of 1.81. The firm has a market cap of $371.72 million, a PE ratio of -57.06 and a beta of 0.71. Civeo has a 52 week low of $20.59 and a 52 week high of $38.06.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Raymond James Financial downgraded Civeo from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 1st. Weiss Ratings raised Civeo from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 31st. Roth Capital assumed coverage on shares of Civeo in a research note on Thursday, October 1st. They set a “buy” rating and a $39.00 target price on the stock. Finally, Northland Securities started coverage on shares of Civeo in a report on Thursday, October 1st. They issued an “outperform” rating and a $42.00 target price for the company. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.25.

Trending Headlines about Civeo

Here are the key news stories impacting Civeo this week:

• Positive Sentiment: Q3 earnings beat expectations: Civeo reported adjusted earnings of $0.50 per share, versus the consensus estimate for a $0.27 loss and a $0.04 loss in the year-ago quarter. Revenue rose to $193.1 million, exceeding the $174.1 million analyst expectation. Civeo Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Improved operating performance: Third-quarter revenue increased 13% year over year, adjusted EBITDA rose 5%, and operating cash flow nearly doubled to $26.4 million. Canadian revenue climbed 38%, supported by stronger-than-expected turnaround activity. Civeo Reports Third Quarter 2026 Results
• Positive Sentiment: 2026 outlook raised: Civeo increased its full-year 2026 sales guidance to a level above analyst estimates, reinforcing expectations for continued demand and providing a key reason for the positive investor reaction. Why Civeo Shares Are Trading Higher
• Neutral Sentiment: Despite the quarterly improvement, Civeo continues to report a negative net margin and negative return on equity, while analysts still expect a full-year loss. The company’s debt-to-equity ratio also remains elevated, so investors may focus on whether the earnings improvement is sustainable. Civeo Q3 2026 Earnings Call Transcript

Civeo Company Profile

Civeo Corporation is a provider of workforce accommodations and related services for the natural resources and other industries that operate in remote locations. The company develops, owns and operates workforce villages, lodges and other lodging facilities designed to house employees and contractors near work sites.

Civeo’s services include room accommodations, food services, housekeeping, facility management, logistics and transportation support. Its facilities are used by customers in sectors such as oil and gas, mining, and infrastructure development, where temporary or long-term workforce housing is needed.

Headquartered in Houston, Texas, Civeo serves customers primarily in Canada, Australia and the United States.