Civeo Stock Sees FY2026 Earnings Estimate Boosted at Sidoti

Key Points

• Sidoti raised its FY2026 EPS estimate for Civeo to a loss of $1.16 per share from a projected loss of $1.26, though its forecast remains below the consensus estimate of a $1.00 loss.
• Civeo reported quarterly EPS of $0.50, beating the consensus estimate of a $0.27 loss, and revenue of $193.1 million versus expectations of $174.05 million.
• Analyst sentiment is overall positive: Civeo has a “Moderate Buy” consensus rating and a $43.50 consensus price target. Shares opened at $36.98, up 2.4%.

Civeo Corporation (NYSE:CVEO - Free Report) - Stock analysts at Sidoti boosted their FY2026 EPS estimates for shares of Civeo in a report released on Monday, November 2nd. Sidoti analyst S. Ferazani now anticipates that the business services provider will post earnings of ($1.16) per share for the year, up from their previous estimate of ($1.26). The consensus estimate for Civeo's current full-year earnings is ($1.00) per share. Sidoti also issued estimates for Civeo's Q4 2026 earnings at ($1.09) EPS, Q1 2027 earnings at ($0.82) EPS, Q2 2027 earnings at $0.09 EPS, Q3 2027 earnings at $0.39 EPS, Q4 2027 earnings at ($0.21) EPS and FY2027 earnings at ($0.48) EPS.

A number of other brokerages have also recently weighed in on CVEO. Raymond James Financial cut Civeo from a "strong-buy" rating to a "buy" rating in a research report on Thursday, October 1st. Northland Securities began coverage on Civeo in a report on Thursday, October 1st. They set an "outperform" rating and a $42.00 price objective for the company. Roth Capital assumed coverage on shares of Civeo in a research note on Thursday, October 1st. They issued a "buy" rating and a $39.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of Civeo from $37.00 to $42.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Weiss Ratings raised shares of Civeo from a "sell (d-)" rating to a "sell (d)" rating in a report on Monday, August 31st. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.50.

Civeo Stock Up 2.4%

Shares of CVEO opened at $36.98 on Wednesday. Civeo has a 1 year low of $20.97 and a 1 year high of $38.06. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.71 and a quick ratio of 1.65. The stock has a 50 day simple moving average of $32.38 and a 200-day simple moving average of $31.11.

Civeo (NYSE:CVEO - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The business services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.77. Civeo had a negative net margin of 1.08% and a negative return on equity of 4.77%. The firm had revenue of $193.10 million during the quarter, compared to analyst estimates of $174.05 million.

Institutional Trading of Civeo

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Engineers Gate Manager LP bought a new stake in Civeo during the 2nd quarter worth about $217,000. OMERS ADMINISTRATION Corp acquired a new stake in Civeo in the 1st quarter valued at about $217,000. Bank of New York Mellon Corp bought a new position in shares of Civeo in the second quarter worth about $1,032,000. Sei Investments Co. raised its stake in shares of Civeo by 104.2% in the first quarter. Sei Investments Co. now owns 71,487 shares of the business services provider's stock worth $1,892,000 after acquiring an additional 36,487 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Civeo by 12.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 126,478 shares of the business services provider's stock worth $3,347,000 after purchasing an additional 13,564 shares in the last quarter. 81.44% of the stock is currently owned by institutional investors and hedge funds.

Civeo News Summary

Here are the key news stories impacting Civeo this week:

• Positive Sentiment: Stifel Nicolaus raised its price target to $42 from $37 and assigned Civeo a “Buy” rating, suggesting potential upside from the cited $36.98 share price. Stifel Nicolaus rating information
• Positive Sentiment: Both Sidoti and Northland raised their FY2026 earnings estimates, although each still expects a full-year loss. Sidoti also lifted its Q2 and Q3 2027 estimates, while Northland maintains an “Outperform” rating and $42 target. Civeo analyst estimates
• Negative Sentiment: Analysts cut forecasts for several upcoming and 2027 periods. Sidoti reduced its FY2027 estimate from $0.09 per share to a loss of $0.48, while Northland lowered its FY2027 forecast from $0.48 to $0.15. Both firms also lowered estimates for Q4 2026 and Q1 2027, pointing to weaker expected earnings in those periods. Civeo analyst estimates

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.

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