Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Civeo Corp (CVEO)
NYSE:CVEO
Holding CVEO?
Track your performance easily
Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.27Last Year’s EPS
$1.55Same Quarter Last Year
Based on 0 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -20.28%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While the Australian segment showed significant growth and the company secured a major contract renewal in Canada, the Canadian segment faced challenges due to declining revenues and the impact of wildfires. The company demonstrated strong cash flow generation and returned capital to shareholders, but reported a net loss for the quarter.Company Guidance
During the Civeo Corporation's Q3 2024 earnings call, the company provided revised guidance for the full year 2024, projecting revenues between $675 million and $700 million, with adjusted EBITDA expected to range from $83 million to $88 million. The company's Australian segment outperformed with a 19% year-over-year increase in adjusted EBITDA, driven by strong growth in both owned village occupancy and integrated services. However, the Canadian segment faced challenges due to a decline in LNG and mobile camp activity, compounded by wildfire-related disruptions, leading to a year-over-year decrease in adjusted EBITDA by approximately $19.8 million. Civeo also announced a 33-month contract renewal in Canada worth CAD 150 million, ensuring continued accommodations and hospitality services for a major oil sands producer. For 2025, the company anticipates adjusted EBITDA to exceed $90 million, supported by ongoing growth in Australia and a stabilization of Canadian operations.Australia Adjusted EBITDA Growth
Australia adjusted EBITDA increased 19% from Q3 2023 due to strong build rooms in owned villages and increased activity in integrated services.
Major Contract Renewal in Canada
A 33-month contract renewal with a major Canadian oil sands producer, expected to generate CAD 150 million in revenue through June 2027.
Strong Cash Flow Generation
Operating cash flow of $35.7 million and free cash flow of $28.3 million despite EBITDA decline.
Australian Segment Revenue Surge
Third-quarter revenues from the Australian segment were $116.6 million, up 33% from $87.9 million in Q3 2023.
Shareholder Returns
Returned $17.8 million to shareholders through dividends and share repurchases in Q3 2024.
---
CVEO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
CVEO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $27.21 | $24.93 | -8.38% |
| Jul 30, 2024 | $24.68 | $25.71 | +4.17% |
| Apr 26, 2024 | $25.07 | $24.27 | -3.19% |
| Feb 29, 2024 | $21.83 | $22.73 | +4.12% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Civeo Corp (CVEO) report earnings?
Civeo Corp (CVEO) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Civeo Corp (CVEO) earnings time?
Civeo Corp (CVEO) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CVEO EPS forecast?
CVEO EPS forecast for the fiscal quarter 2024 (Q4) is -$0.27.
---