Sidoti Csr Estimates Civeo's Q2 Earnings (NYSE:CVEO)

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) - Analysts at Sidoti Csr reduced their Q2 2026 earnings per share (EPS) estimates for Civeo in a report released on Wednesday, July 30th. Sidoti Csr analyst S. Ferazani now forecasts that the business services provider will earn $0.28 per share for the quarter, down from their prior forecast 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.

Civeo (NYSE:CVEO - Get Free Report) last announced 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 business had revenue of $162.69 million for the quarter, compared to analyst estimates of $166.38 million. During the same period in the prior year, the company earned $0.57 EPS.

A number of other research firms also recently commented on CVEO. Stifel Nicolaus decreased their target price on 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 downgraded Civeo from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th.

Civeo Price Performance

CVEO stock traded down $1.16 on Thursday, reaching $23.83. 96,834 shares of the company's stock were exchanged, compared to its average volume of 61,538. The stock has a fifty day moving average of $23.18 and a 200-day moving average of $22.47. The company has a current ratio of 1.51, a quick ratio of 1.59 and a debt-to-equity ratio of 0.81. Civeo has a twelve month low of $18.01 and a twelve month high of $28.92.

Institutional Trading of Civeo

Institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new stake in shares of Civeo in the fourth quarter valued at $94,000. Goldman Sachs Group Inc. purchased a new stake in shares of Civeo in the first quarter valued at $204,000. Mackenzie Financial Corp purchased a new stake in shares of Civeo in the fourth quarter valued at $386,000. JPMorgan Chase & Co. lifted its position in shares of Civeo by 4.8% in the fourth quarter. JPMorgan Chase & Co. now owns 19,707 shares of the business services provider's stock valued at $448,000 after acquiring an additional 894 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in Civeo by 24.0% during the fourth quarter. Lazard Asset Management LLC now owns 21,492 shares of the business services provider's stock worth $488,000 after buying an additional 4,158 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.