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Earnings Preview: Civeo (CVEO) Q1 Earnings Expected to Decline
CiveoCiveo(US:CVEO) ZACKSยท2025-04-18 15:05

Core Viewpoint - The market anticipates a year-over-year decline in Civeo's earnings due to lower revenues, with a focus on how actual results will compare to estimates [1][3]. Earnings Expectations - Civeo is expected to report a quarterly loss of $0.78 per share, reflecting a year-over-year change of -200% [3]. - Revenues are projected to be $146.86 million, down 11.6% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 6.67% higher in the last 30 days, indicating a reassessment by analysts [4]. - The Most Accurate Estimate aligns with the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10][11]. 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 positive reading being a strong predictor of an earnings beat [7][8]. - Civeo currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [11]. Historical Performance - In the last reported quarter, Civeo was expected to post a loss of $0.34 per share but actually reported a loss of $0.88, resulting in a surprise of -158.82% [12]. - Over the past four quarters, Civeo has only beaten consensus EPS estimates once [13]. Conclusion - Civeo does not appear to be a compelling candidate for an earnings beat, and investors should consider other factors when evaluating the stock ahead of its earnings release [16].