Sidoti Has Positive Forecast for Civeo Q3 Earnings

Civeo Corporation (NYSE:CVEO) – Stock analysts at Sidoti increased their Q3 2026 EPS estimates for Civeo in a research note issued to investors on Monday, July 6th. Sidoti analyst S. Ferazani now forecasts that the business services provider will post earnings of ($0.09) per share for the quarter, up from their prior forecast of ($0.10). The consensus estimate for Civeo’s current full-year earnings is ($1.10) per share. Sidoti also issued estimates for Civeo’s Q4 2026 earnings at ($0.41) EPS, FY2026 earnings at ($1.15) EPS, Q1 2027 earnings at ($0.26) EPS, Q2 2027 earnings at $0.31 EPS, Q3 2027 earnings at $0.46 EPS and Q4 2027 earnings at ($0.01) EPS.

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

Civeo Trading Down 1.0%

Shares of Civeo stock opened at $31.69 on Wednesday. Civeo has a fifty-two week low of $19.75 and a fifty-two week high of $36.50. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.81 and a current ratio of 1.88. The firm has a market capitalization of $346.67 million, a price-to-earnings ratio of -26.63 and a beta of 0.73. The stock has a 50 day moving average of $33.31 and a 200 day moving average of $29.07.

Civeo (NYSE:CVEO) last posted its quarterly earnings results on Friday, May 1st. The business services provider reported ($0.34) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.27. Civeo had a negative net margin of 2.10% and a negative return on equity of 7.72%. The business had revenue of $172.67 million during the quarter, compared to analysts’ expectations of $154.70 million.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. OMERS ADMINISTRATION Corp acquired a new stake in Civeo during the 1st quarter worth approximately $217,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Civeo by 12.0% in the first quarter. Arrowstreet Capital Limited Partnership now owns 126,478 shares of the business services provider’s stock valued at $3,347,000 after acquiring an additional 13,564 shares in the last quarter. Sei Investments Co. boosted its holdings in Civeo by 104.2% in the first quarter. Sei Investments Co. now owns 71,487 shares of the business services provider’s stock valued at $1,892,000 after purchasing an additional 36,487 shares during the period. Dimensional Fund Advisors LP grew its stake in Civeo by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 639,272 shares of the business services provider’s stock worth $16,915,000 after purchasing an additional 11,114 shares in the last quarter. Finally, Ritholtz Wealth Management increased its holdings in Civeo by 9.4% during the 1st quarter. Ritholtz Wealth Management now owns 40,352 shares of the business services provider’s stock worth $1,068,000 after purchasing an additional 3,470 shares during the period. Institutional investors and hedge funds own 81.44% of the company’s stock.

More Civeo News

Here are the key news stories impacting Civeo this week:

• Positive Sentiment: Sidoti raised its FY2027 EPS estimate for Civeo to $0.52 from $0.49, suggesting a more optimistic long-term earnings outlook.
• Positive Sentiment: The firm also increased its Q2 2027 EPS estimate to $0.31 from $0.29, reinforcing expectations for improvement in the middle of next year.
• Positive Sentiment: Sidoti lifted its Q3 2026 EPS estimate to ($0.09) from ($0.10) and its Q4 2027 estimate to ($0.01) from ($0.02), modestly reducing expected losses in those periods.
• Neutral Sentiment: At the same time, Sidoti trimmed some other estimates, including Q1 2027 EPS to ($0.26) from ($0.25), Q3 2027 EPS to $0.46 from $0.47, and FY2026 EPS to ($1.15) from ($1.13), showing the outlook is still mixed in the near term.
• Neutral Sentiment: Civeo had recently surged on strong trading volume, but the latest analyst revision trend does not point to a dramatic acceleration beyond the current move. Article: Civeo (CVEO) Surges 6.7%: Is This an Indication of Further Gains?

Civeo Company Profile

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.