Civeo (CVEO) shares rallied 7.5% in the last trading session to close at $26.90. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 1.6% gain over the past four weeks.Shares of Civeo surged following the announcement of a definitive asset purchase agreement with a private seller. The deal includes the acquisition of four villages in Australia’s Bowen Basin, adding 1,340 rooms along with long-term customer contra ...

Group 1 - Civeo Corporation (NYSE: CVEO) is recognized as an interesting company in the market, providing accommodations and related services to companies in the oil and natural gas sector [1] - The focus of Crude Value Insights is on cash flow and identifying companies that generate it, which leads to value and growth prospects with real potential [1] Group 2 - Subscribers of Crude Value Insights benefit from a 50+ stock model account, in-depth cash flow analyses of exploration and production (E&P) firms, and live chat discussions about the sector [2] - A two-week free trial is available for new subscribers, offering insights into the oil and gas industry [3]

Core Insights - Civeo Corporation (NYSE: CVEO) is primarily engaged in providing accommodation and hospitality services for the natural resources industry, which constitutes 65% of its revenue [1] Financial Performance - The company had been performing well throughout the year until the release of its Q3 results [1]

Stonegate Capital Partners Updates Coverage on Civeo Corporation (CVEO) 2024 Q3November 05, 2024 5:20 PM EST | Source: Reportable, Inc. Dallas, Texas--(Newsfile Corp. - November 5, 2024) - Civeo Corporation (NYSE: CVEO) Stonegate Capital Partners updates their coverage on Civeo Corporation. Civeo has consistently generated positive free cash flow every year since 2014 and continues to do so. In 3Q24, CVEO produced $28.3M in FCF, building on the $30.9M achieved in 2Q24. This quarter's FCF, whil ...

Civeo Corporation (NYSE:CVEO) Q3 2024 Earnings Conference Call October 30, 2024 11:00 AM ET Company Participants Regan Nielsen - Vice President, Corporate Development and Investor Relations Bradley Dodson - President and CEO Collin Gerry - Chief Financial Officer and Treasurer Conference Call Participants Stephen Gengaro - Stifel Steve Ferazani - Sidoti & Company Dave Storms - Stonegate Sean Mitchell - Daniel Energy Partners Operator Greetings, and welcome to the Civeo Corporation Third Quarter 2024 Earning ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | |------------------------------------------------------------------------------|------------------------------------------| | | | | For the transition period from ________ ...

Core Insights - Civeo reported revenue of $176.34 million for Q3 2024, a year-over-year decline of 3.9%, with an EPS of -$0.36 compared to $0.61 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate of $172.59 million, resulting in a surprise of +2.18%, while the EPS fell short of the consensus estimate of $0.03, leading to an EPS surprise of -1300.00% [1] Revenue Breakdown - Geographic Revenues from Australia were $116.62 million, surpassing the average estimate of $105.20 million, reflecting a year-over-year increase of +32.7% [3] - Geographic Revenues from Canada were $57.74 million, below the estimated $66.86 million, indicating a year-over-year decline of -39.3% [3] - Revenues from Corporate, other, and eliminations reached $1.98 million, exceeding the average estimate of $0.57 million, marking a significant year-over-year increase of +264.6% [3] Stock Performance - Civeo's shares have returned +1.1% over the past month, compared to the Zacks S&P 500 composite's +1.8% change [4] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [4]

Civeo Reports Third Quarter 2024 Results Third Quarter Highlights include: • Reported revenues of $176.3 million, net loss of $5.1 million and operating cash flow of $35.7 million; • Delivered Adjusted EBITDA of $18.8 million and free cash flow of $28.3 million; • Returned $17.8 million of capital to shareholders in the quarter through the quarterly dividend and share repurchases; • Australian segment continues to deliver strong growth, with revenues up 33% on a year-over-year basis, driven by both increase ...

Civeo (CVEO) came out with a quarterly loss of $0.36 per share versus the Zacks Consensus Estimate of $0.03. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1,300%. A quarter ago, it was expected that this provider of remote-site workforce housing would post earnings of $0.21 per share when it actually produced earnings of $0.56, delivering a surprise of 166.67%. Over the last four quarters ...

Core Viewpoint - Civeo (CVEO) is anticipated to report a significant year-over-year decline in earnings due to lower revenues, with the upcoming earnings report expected on October 30, 2024 [1][2]. Financial Expectations - The consensus estimate for Civeo's quarterly earnings is $0.03 per share, reflecting a year-over-year decrease of 95.1% [2]. - Expected revenues for the quarter are $172.59 million, which is a 6% decline from the same quarter last year [2]. Estimate Revisions - Over the last 30 days, the consensus EPS estimate has been revised down by 3.95%, indicating a bearish sentiment among analysts regarding the company's earnings prospects [3]. - The Most Accurate Estimate for Civeo is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -540% [6]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive or negative reading indicates the likely deviation of actual earnings from the consensus estimate, with a strong predictive power for positive readings [4][5]. - Civeo currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat [6]. Historical Performance - In the last reported quarter, Civeo exceeded expectations by posting earnings of $0.56 per share against an expected $0.21, resulting in a surprise of +166.67% [7]. - Over the past four quarters, Civeo has beaten consensus EPS estimates three times [7]. Conclusion - While an earnings beat or miss can influence stock movement, other factors may also play a significant role in investor sentiment [8]. - Civeo does not currently appear to be a compelling candidate for an earnings beat, and investors should consider additional factors before making investment decisions [8].