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

• Civeo Corp CVEO.N reported a quarterly adjusted loss of 1 cent​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 56 cents. The mean expectation of three analysts for the quarter was for a loss of 3 cents per share. Wall Street expected results to range from -31 cents to 18 cents per share.

• Revenue fell 13.8% to $162.69 million from a year ago; analysts expected $163.00 million.

• Civeo Corp's reported EPS for the quarter was a loss of 25 cents​.

• The company reported a quarterly loss of $3.31 million.

• Civeo Corp shares had risen by 6.3% this quarter and gained 8.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 116.1% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

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 10.7% above its last closing price of $24.55

This summary was machine generated from LSEG data July 29 at 11:35 a.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)