Civeo Corp reports results for the quarter ended December 31 - Earnings Summary

• Civeo Corp CVEO.N reported a quarterly adjusted loss of 56 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $-1.10. The mean expectation of three analysts for the quarter was for a loss of 43 cents per share. Wall Street expected results to range from -59 cents to -12 cents per share.

• Revenue rose 7.1% to $161.62 million from a year ago; analysts expected $170.17 million.

• Civeo Corp's reported EPS for the quarter was a loss of 56 cents​.

• The company reported a quarterly loss of $6.46 million.

• Civeo Corp shares had risen by 21.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.3% 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 $30.50, about 8.8% above its last closing price of $27.82

This summary was machine generated from LSEG data March 3 at 02:31 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)