Brokers Set Expectations for Civeo's Q1 Earnings (NYSE:CVEO)

Key Points

• Sidoti projects Civeo will report ($0.45) EPS for Q1 2027 and the consensus full-year EPS is ($0.70), with Q2/Q3 at $0.42 and Q4 at ($0.11).
• Civeo recently reported ($0.56) EPS, missing estimates by $0.15 and posting revenue of $161.62M versus $170.17M expected, indicating near-term operational weakness.
• Insiders sold 430,184 shares valued at about $12.39 million over the last three months, while analysts are mixed—average rating Hold and average target price $37.00.

Civeo Corporation (NYSE:CVEO - Free Report) - Equities research analysts at Sidoti issued their Q1 2027 earnings per share estimates for Civeo in a research report issued on Friday, April 24th. Sidoti analyst S. Ferazani expects that the business services provider will post earnings per share of ($0.45) for the quarter. The consensus estimate for Civeo's current full-year earnings is ($0.70) per share. Sidoti also issued estimates for Civeo's Q2 2027 earnings at $0.42 EPS, Q3 2027 earnings at $0.42 EPS and Q4 2027 earnings at ($0.11) EPS.

Other analysts also recently issued reports about the company. Stifel Nicolaus increased their price target on Civeo from $33.00 to $37.00 and gave the company a "buy" rating in a research report on Wednesday, March 4th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Civeo in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $37.00.

Civeo Stock Performance

Shares of CVEO opened at $31.37 on Tuesday. The company has a current ratio of 1.54, a quick ratio of 1.47 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $343.21 million, a price-to-earnings ratio of -19.98 and a beta of 0.65. The stock has a 50 day moving average of $28.39 and a 200 day moving average of $25.17. Civeo has a 12 month low of $18.01 and a 12 month high of $31.95.

Civeo (NYSE:CVEO - Get Free Report) last issued its quarterly earnings results on Tuesday, March 3rd. The business services provider reported ($0.56) EPS for the quarter, missing analysts' consensus estimates of ($0.41) by ($0.15). The business had revenue of $161.62 million for the quarter, compared to analysts' expectations of $170.17 million. Civeo had a negative net margin of 3.14% and a negative return on equity of 10.20%.

Insiders Place Their Bets

In other Civeo news, SVP Peter Mccann sold 4,000 shares of the firm's stock in a transaction on Friday, March 6th. The stock was sold at an average price of $28.64, for a total value of $114,560.00. Following the completion of the sale, the senior vice president directly owned 50,942 shares of the company's stock, valued at $1,458,978.88. This trade represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Engine Capital Management, Lp sold 9,169 shares of the firm's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $29.03, for a total value of $266,176.07. Following the completion of the sale, the insider directly owned 65,461 shares of the company's stock, valued at $1,900,332.83. This represents a 12.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 430,184 shares of company stock valued at $12,390,768 over the last three months. Company insiders own 6.50% of the company's stock.

Institutional Trading of Civeo

A number of large investors have recently bought and sold shares of the company. CenterBook Partners LP purchased a new position in shares of Civeo in the third quarter valued at $930,000. GSA Capital Partners LLP purchased a new position in shares of Civeo in the third quarter valued at $1,045,000. Ritholtz Wealth Management grew its position in shares of Civeo by 29.4% in the third quarter. Ritholtz Wealth Management now owns 41,914 shares of the business services provider's stock valued at $964,000 after purchasing an additional 9,531 shares in the last quarter. Quent Capital LLC purchased a new position in shares of Civeo in the third quarter valued at $79,000. Finally, Empowered Funds LLC grew its position in shares of Civeo by 5.5% in the fourth quarter. Empowered Funds LLC now owns 109,216 shares of the business services provider's stock valued at $2,498,000 after purchasing an additional 5,702 shares in the last quarter. 81.44% of the stock is owned by hedge funds and other institutional investors.

About Civeo

Civeo Corporation is a leading provider of workforce accommodations and integrated facility management services, primarily serving the oil and gas, mining, and construction sectors. The company specializes in the development, ownership, and operation of remote lodging facilities, commonly known as “man camps,” designed to house workers in geographically challenging environments. Its services include turnkey accommodations, catering, housekeeping, grounds maintenance, and logistical support, tailored to meet the needs of large-scale energy and resource projects.

With a network of lodges and villages across North America and Australia, Civeo caters to clients operating in regions such as Alberta's oil sands, the Bakken shale play, and Australia's Pilbara and Bowen Basin mining districts.

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