Sidoti Csr Analysts Reduce Earnings Estimates for Civeo

Key Points

• Analysts at Sidoti Csr have reduced their Q2 2026 earnings per share estimate for Civeo from $0.36 to $0.28, while the consensus for full-year earnings stands at ($0.58) per share.
• Civeo's recent quarterly earnings report revealed a loss of ($0.25) per share, which was significantly below expectations of ($0.03), along with a revenue of $162.69 million.
• Civeo's stock has experienced fluctuations, with a 12-month range between $18.01 and $28.92, and opened at $24.12 recently.

Civeo Corporation (NYSE:CVEO - Free Report) - Equities researchers at Sidoti Csr dropped their Q2 2026 earnings estimates for Civeo in a note issued to investors on Wednesday, July 30th. Sidoti Csr analyst S. Ferazani now anticipates that the business services provider will post earnings per share of $0.28 for the quarter, down from their prior estimate of $0.36. The consensus estimate for Civeo's current full-year earnings is ($0.58) per share. Sidoti Csr also issued estimates for Civeo's Q3 2026 earnings at $0.56 EPS.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus lowered their target price on shares of Civeo from $28.00 to $27.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Wall Street Zen lowered shares of Civeo from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th.

Civeo Stock Down 1.6%

CVEO stock traded down $0.38 during midday trading on Thursday, reaching $23.41. 101,090 shares of the company were exchanged, compared to its average volume of 95,468. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.45 and a current ratio of 1.51. Civeo has a 1-year low of $18.01 and a 1-year high of $28.92. The stock's 50-day simple moving average is $23.18 and its 200 day simple moving average is $22.45. The company has a market cap of $293.73 million, a price-to-earnings ratio of -9.63 and a beta of 1.28.

Civeo (NYSE:CVEO - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The business services provider reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.22). Civeo had a negative return on equity of 12.76% and a negative net margin of 5.25%. The company had revenue of $162.69 million for the quarter, compared to analyst estimates of $166.38 million. During the same period in the previous year, the business posted $0.57 EPS.

Institutional Investors Weigh In On Civeo

Several institutional investors have recently made changes to their positions in the stock. Ritholtz Wealth Management acquired a new position in Civeo in the 2nd quarter valued at about $748,000. Goldman Sachs Group Inc. purchased a new stake in Civeo in the 1st quarter valued at about $204,000. Empowered Funds LLC grew its holdings in shares of Civeo by 5.5% during the 1st quarter. Empowered Funds LLC now owns 106,318 shares of the business services provider's stock worth $2,445,000 after purchasing an additional 5,570 shares during the period. Engine Capital Management LP purchased a new stake in shares of Civeo during the 1st quarter worth about $30,777,000. Finally, Bridgeway Capital Management LLC grew its holdings in shares of Civeo by 34.0% during the 1st quarter. Bridgeway Capital Management LLC now owns 253,973 shares of the business services provider's stock worth $5,841,000 after purchasing an additional 64,470 shares during the period. 81.44% of the stock is currently owned by hedge funds and other institutional investors.

Civeo Company Profile

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.