Sidoti Analysts Lower Earnings Estimates for Civeo

Civeo Corporation (NYSE:CVEO) – Stock analysts at Sidoti reduced their Q3 2026 earnings per share estimates for shares of Civeo in a research note issued on Friday, July 31st. Sidoti analyst S. Ferazani now forecasts that the business services provider will post earnings of ($0.33) per share for the quarter, down from their previous estimate of ($0.09). The consensus estimate for Civeo’s current full-year earnings is ($1.11) per share. Sidoti also issued estimates for Civeo’s Q4 2026 earnings at ($0.36) EPS, FY2026 earnings at ($1.26) EPS, Q1 2027 earnings at ($0.18) EPS, Q2 2027 earnings at ($0.27) EPS, Q3 2027 earnings at $0.26 EPS, Q4 2027 earnings at $0.32 EPS and FY2027 earnings at $0.09 EPS.

Civeo (NYSE:CVEO) last announced its earnings results on Thursday, July 30th. The business services provider reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.07. Civeo had a negative net margin of 1.93% and a negative return on equity of 7.82%. The company had revenue of $180.02 million during the quarter, compared to analysts’ expectations of $172.18 million.

Separately, Weiss Ratings upgraded shares of Civeo from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $37.00.

Civeo Trading Down 1.5%

Shares of NYSE CVEO opened at $31.03 on Tuesday. The company has a current ratio of 1.89, a quick ratio of 1.81 and a debt-to-equity ratio of 1.31. Civeo has a one year low of $19.75 and a one year high of $36.50. The business has a 50-day moving average price of $33.53 and a two-hundred day moving average price of $30.36. The firm has a market capitalization of $320.85 million, a PE ratio of -26.52 and a beta of 0.72.

Institutional Trading of Civeo

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new position in shares of Civeo during the first quarter valued at about $204,000. Empowered Funds LLC lifted its position in shares of Civeo by 5.5% in the 1st quarter. Empowered Funds LLC now owns 106,318 shares of the business services provider’s stock worth $2,445,000 after acquiring an additional 5,570 shares during the period. State of Wyoming acquired a new stake in shares of Civeo during the 2nd quarter worth approximately $66,000. Dimensional Fund Advisors LP increased its position in shares of Civeo by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 618,374 shares of the business services provider’s stock valued at $14,222,000 after purchasing an additional 9,870 shares during the period. Finally, Boston Partners raised its stake in shares of Civeo by 8.6% in the third quarter. Boston Partners now owns 144,040 shares of the business services provider’s stock valued at $3,313,000 after purchasing an additional 11,432 shares in the last quarter. 81.44% of the stock is currently owned by institutional investors and hedge funds.

About Civeo

Civeo Corporation is a leading provider of workforce accommodations and integrated facility management services, primarily serving the oil and gas, mining, and construction sectors. The company specializes in the development, ownership, and operation of remote lodging facilities, commonly known as “man camps,” designed to house workers in geographically challenging environments. Its services include turnkey accommodations, catering, housekeeping, grounds maintenance, and logistical support, tailored to meet the needs of large-scale energy and resource projects.

With a network of lodges and villages across North America and Australia, Civeo caters to clients operating in regions such as Alberta’s oil sands, the Bakken shale play, and Australia’s Pilbara and Bowen Basin mining districts.