Brokers Set Expectations for Civeo’s Q1 Earnings (NYSE:CVEO)

Civeo Corporation (NYSE:CVEO) – Analysts at Sidoti reduced their Q1 2026 earnings estimates for Civeo in a research note issued to investors on Wednesday, March 4th. Sidoti analyst S. Ferazani now forecasts that the business services provider will post earnings of ($0.70) per share for the quarter, down from their previous estimate of ($0.52). The consensus estimate for Civeo’s current full-year earnings is ($0.58) per share. Sidoti also issued estimates for Civeo’s Q2 2026 earnings at ($0.05) EPS, Q3 2026 earnings at $0.00 EPS, Q4 2026 earnings at ($0.40) EPS, FY2026 earnings at ($1.16) EPS and FY2027 earnings at $0.28 EPS.

Other equities research analysts have also issued reports about the stock. Zacks Research raised shares of Civeo from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Weiss Ratings reiterated a “sell (d)” rating on shares of Civeo in a research note on Monday, December 29th. Finally, Stifel Nicolaus upped their target price on Civeo from $33.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Civeo currently has an average rating of “Hold” and an average price target of $37.00.

Civeo Price Performance

Shares of CVEO opened at $28.38 on Monday. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.54 and a quick ratio of 1.47. The company’s fifty day moving average price is $26.33 and its 200-day moving average price is $23.84. The firm has a market capitalization of $310.71 million, a PE ratio of -18.07 and a beta of 0.57. Civeo has a 1-year low of $18.01 and a 1-year high of $29.68.

Civeo (NYSE:CVEO) last released its quarterly earnings data on Tuesday, March 3rd. The business services provider reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.41) by ($0.15). The business had revenue of $161.62 million for the quarter, compared to the consensus estimate of $170.17 million. Civeo had a negative net margin of 3.14% and a negative return on equity of 10.20%.

Institutional Trading of Civeo

Large investors have recently made changes to their positions in the company. Clearstead Advisors LLC lifted its holdings in Civeo by 191.8% in the 4th quarter. Clearstead Advisors LLC now owns 1,538 shares of the business services provider’s stock valued at $35,000 after purchasing an additional 1,011 shares in the last quarter. State of Wyoming purchased a new position in shares of Civeo in the second quarter worth about $66,000. Quent Capital LLC purchased a new position in shares of Civeo in the third quarter worth about $79,000. Goldman Sachs Group Inc. acquired a new position in Civeo during the first quarter worth about $204,000. Finally, XTX Topco Ltd acquired a new position in Civeo during the second quarter worth about $255,000. 81.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder Engine Capital Management, Lp sold 9,169 shares of Civeo stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $29.03, for a total value of $266,176.07. Following the sale, the insider directly owned 65,461 shares in the company, valued at approximately $1,900,332.83. The trade was a 12.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Peter Mccann sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $28.64, for a total value of $114,560.00. Following the sale, the senior vice president owned 50,942 shares of the company’s stock, valued at approximately $1,458,978.88. This trade represents a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 430,184 shares of company stock worth $12,390,768. 4.70% of the stock is currently owned by insiders.

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.