Civeo Corp reports results for the quarter ended September 30 - Earnings Summary

• Civeo Corp CVEO.N reported a quarterly adjusted loss of 4 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -36 cents. The mean expectation of three analysts for the quarter was for earnings of 21 cents per share. Wall Street expected results to range from 4 cents to 54 cents per share.

• Revenue fell 3.3% to $170.49 million from a year ago; analysts expected $173.54 million.

• Civeo Corp's reported EPS for the quarter was a loss of 4 cents​.

• The company reported a quarterly loss of $455 thousand.

• Civeo Corp shares had fallen by 1.0% this quarter and gained 0.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 36.4% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the real estate rental, development & operations peer group is "buy."

• Wall Street's median 12-month price target for Civeo Corp is $27.50, about 17.2% above its last closing price of $22.77

This summary was machine generated from LSEG data October 31 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)