Northland Securities Forecasts Civeo Q3 Earnings

Key Points

• Northland Securities forecasts a Q3 2026 loss of $0.45 per share for Civeo and maintains an “Outperform” rating with a $42 price target. The firm projects a $1.37-per-share loss for FY2026 before a return to profitability in FY2027, with estimated earnings of $0.48 per share.
• Civeo’s latest quarter exceeded expectations, reporting a $0.23-per-share loss versus the $0.30 consensus loss and revenue of $180.02 million, above estimates of $172.18 million.
• Analyst sentiment is moderately bullish, with a consensus target of $42.25, while institutional investors own 81.44% of the stock. However, Civeo remains unprofitable, with negative net margin and return on equity.

Civeo Corporation (NYSE:CVEO - Free Report) - Stock analysts at Northland Securities issued their Q3 2026 earnings per share estimates for Civeo in a research report issued to clients and investors on Thursday, October 1st. Northland Securities analyst G. Gibas expects that the business services provider will post earnings per share of ($0.45) for the quarter. Northland Securities has a "Outperform" rating and a $42.00 price target on the stock. The consensus estimate for Civeo's current full-year earnings is ($1.00) per share. Northland Securities also issued estimates for Civeo's Q4 2026 earnings at ($0.36) EPS, FY2026 earnings at ($1.37) EPS, Q1 2027 earnings at ($0.10) EPS, Q2 2027 earnings at $0.17 EPS, Q3 2027 earnings at $0.24 EPS, Q4 2027 earnings at $0.16 EPS and FY2027 earnings at $0.48 EPS.

Civeo (NYSE:CVEO - Get Free Report) last issued its earnings results on Thursday, July 30th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.07. Civeo had a negative net margin of 1.93% and a negative return on equity of 7.82%. The company had revenue of $180.02 million for the quarter, compared to analyst estimates of $172.18 million.

A number of other analysts have also recently issued reports on the company. Roth Capital initiated coverage on Civeo in a research note on Thursday. They set a "buy" rating and a $39.00 target price for the company. Weiss Ratings upgraded shares of Civeo from a "sell (d-)" rating to a "sell (d)" rating in a report on Monday, August 31st. Finally, Raymond James Financial downgraded shares of Civeo from a "strong-buy" rating to a "buy" rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $42.25.

Civeo Stock Up 0.1%

Shares of Civeo stock opened at $33.19 on Monday. Civeo has a 1 year low of $19.75 and a 1 year high of $36.50. 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 company has a market capitalization of $343.19 million, a P/E ratio of -28.37 and a beta of 0.71. The business has a 50-day moving average of $33.20 and a two-hundred day moving average of $32.27.

Institutional Investors Weigh In On Civeo

Several institutional investors have recently bought and sold shares of the company. Engineers Gate Manager LP bought a new position in shares of Civeo during the 2nd quarter worth approximately $217,000. Bank of New York Mellon Corp bought a new stake in shares of Civeo in the second quarter worth $1,032,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Civeo in the first quarter worth $217,000. Arrowstreet Capital Limited Partnership boosted its holdings in 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 during the last quarter. Finally, Sei Investments Co. boosted its holdings in Civeo by 104.2% during the first quarter. Sei Investments Co. now owns 71,487 shares of the business services provider's stock worth $1,892,000 after purchasing an additional 36,487 shares during the last quarter. Institutional investors own 81.44% of the company's stock.

Civeo News Roundup

Here are the key news stories impacting Civeo this week:

• Positive Sentiment: A recent report said Civeo received a $42.00 price target following a second-quarter revenue beat, suggesting analysts see further appreciation potential from current trading levels. CVEO stock gets a USD 42.00 price target after a Q2 revenue beat
• Positive Sentiment: Northland Securities initiated or reiterated an “Outperform” rating and a $42 price objective for Civeo. Its estimates call for a return to quarterly profitability in the second quarter of 2027, with projected earnings of $0.17 per share, followed by $0.24 in the third quarter and $0.16 in the fourth quarter.
• Neutral Sentiment: Northland projects FY2027 earnings of $0.48 per share, indicating a potential recovery, but the firm expects Civeo to remain unprofitable in 2026, with estimated losses of $1.37 per share. The analyst also forecasts losses of $0.45 per share in the third quarter of 2026 and $0.36 in the fourth quarter. Northland Securities Initiates Coverage on Civeo
• Negative Sentiment: Near-term profitability remains a concern because Northland’s 2026 loss forecast is worse than the broader consensus estimate of a $0.83-per-share loss. Civeo also continues to report negative net margin and negative return on equity, which could limit investor enthusiasm until the projected 2027 recovery becomes more visible.

Civeo Company Profile

Civeo Corporation NYSE: CVEO provides workforce accommodations and hospitality services for companies operating in remote and resource-intensive locations. Its customers primarily include energy, mining and infrastructure companies that require lodging, dining and related support services for employees and contractors.

The company operates lodges, villages and mobile workforce camps, offering furnished rooms, catering, housekeeping, facility management, maintenance, transportation and other site services.

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