Sidoti Csr Issues Optimistic Forecast for Civeo Earnings

Civeo Corporation (NYSE:CVEO - Free Report) - Stock analysts at Sidoti Csr boosted their Q3 2025 earnings per share (EPS) estimates for shares of Civeo in a report released on Monday, July 21st. Sidoti Csr analyst S. Ferazani now expects that the business services provider will post earnings per share of $0.45 for the quarter, up from their prior forecast of $0.39. 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 $0.65 EPS.

A number of other analysts have also recently commented on CVEO. Wall Street Zen cut Civeo from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Stifel Nicolaus lowered their price target on Civeo from $28.00 to $27.00 and set a "buy" rating for the company in a research report on Friday, May 2nd.

Civeo Stock Down 0.5%

Shares of Civeo stock traded down $0.13 during trading on Tuesday, reaching $24.45. The company's stock had a trading volume of 9,164 shares, compared to its average volume of 95,044. The company has a 50-day simple moving average of $22.79 and a two-hundred day simple moving average of $22.45. Civeo has a 1-year low of $18.01 and a 1-year high of $28.92. The company has a quick ratio of 1.59, a current ratio of 1.66 and a debt-to-equity ratio of 0.40. The company has a market cap of $328.86 million, a price-to-earnings ratio of -15.08 and a beta of 1.36.

Civeo (NYSE:CVEO - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The business services provider reported ($0.72) earnings per share for the quarter, topping analysts' consensus estimates of ($0.78) by $0.06. The firm had revenue of $144.04 million during the quarter, compared to analysts' expectations of $150.86 million. Civeo had a negative return on equity of 7.23% and a negative net margin of 3.30%.

Hedge Funds Weigh In On Civeo

Several institutional investors and hedge funds have recently modified their holdings of CVEO. Raymond James Financial Inc. acquired a new position in shares of Civeo in the 4th quarter valued at about $1,452,000. American Century Companies Inc. lifted its holdings in shares of Civeo by 15.9% in the 4th quarter. American Century Companies Inc. now owns 398,013 shares of the business services provider's stock valued at $9,043,000 after buying an additional 54,532 shares during the period. LPL Financial LLC lifted its holdings in shares of Civeo by 11.1% in the 4th quarter. LPL Financial LLC now owns 25,687 shares of the business services provider's stock valued at $584,000 after buying an additional 2,575 shares during the period. WINTON GROUP Ltd lifted its holdings in shares of Civeo by 218.5% in the 4th quarter. WINTON GROUP Ltd now owns 26,256 shares of the business services provider's stock valued at $597,000 after buying an additional 18,013 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Civeo by 4.8% in the 4th quarter. JPMorgan Chase & Co. now owns 19,707 shares of the business services provider's stock valued at $448,000 after buying an additional 894 shares during the period. Institutional investors and hedge funds own 81.44% of the company's stock.

About Civeo

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.