Civeo (CVEO) Reports Q2 Loss, Lags Revenue Estimates

Core Insights - Civeo reported a quarterly loss of $0.25 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.03, marking an earnings surprise of -733.33% [1] - The company's revenues for the quarter ended June 2025 were $162.69 million, missing the Zacks Consensus Estimate by 1.6% and down from $188.71 million year-over-year [2] - Civeo's stock has increased by approximately 8.1% since the beginning of the year, slightly underperforming the S&P 500's gain of 8.6% [3] Earnings Outlook - The future performance of Civeo's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4] - The current consensus EPS estimate for the upcoming quarter is $0.38 on revenues of $177.24 million, while for the current fiscal year, the estimate is -$0.36 on revenues of $643.33 million [7] Industry Context - The Hotels and Motels industry, to which Civeo belongs, is currently ranked in the bottom 22% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Civeo's stock performance [5][6]