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Civeo Corp (CVEO)
NYSE:CVEO
Earnings Data
Report Date
Jul 25, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.07Last Year’s EPS
0.56Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 30, 2025
|% Change Since: -4.73%
|Next Earnings Date:Jul 25, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted positive developments in terms of share repurchase strategies and Australian segment growth. However, these were outweighed by significant challenges in the Canadian market, including reduced revenues, restructuring efforts, and lowered financial guidance. The overall sentiment reflects a cautious outlook with emphasis on strategic adaptations to current market conditions.Company Guidance
During the Civeo Corporation's First Quarter 2025 earnings call, the company updated its guidance, emphasizing a strategic shift in capital allocation to enhance shareholder value. The Board approved an increase in share repurchase authorization from 10% to 20% of total shares, suspending the quarterly dividend to allocate 100% of annual free cash flow to share repurchases. First-quarter 2025 financials included total revenues of $144 million, a net loss of $9.8 million, and adjusted EBITDA of $12.7 million. The Canadian segment experienced challenges with decreased billed rooms and a 25% workforce reduction, while the Australian segment showed strength with 13% revenue growth year-over-year. Full-year 2025 guidance was lowered, projecting revenues between $620 million and $650 million, adjusted EBITDA of $75 million to $85 million, and capital expenditures of $20 million to $25 million. The acquisition of four Australian Villages is expected to close in Q2 2025, anticipated to be immediately accretive to operating cash flow.Increased Share Repurchase Authorization
The Board has increased the share repurchase authorization from 10% to 20% of total shares outstanding, with 100% of annual free cash flow allocated to share repurchases.
Strong Performance in Australia
Australian segment revenues increased by 13% year-over-year, driven by increased activity in integrated services and a significant contract renewal and expansion.
Completion of Significant Share Repurchases
Since the inception of the share repurchase program in 2021, Civeo has repurchased approximately 22% of its common shares outstanding.
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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
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CVEO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2025 | $20.09 | $18.99 | -5.48% |
Feb 27, 2025 | $26.97 | $22.00 | -18.43% |
Oct 30, 2024 | $26.96 | $24.70 | -8.38% |
Jul 30, 2024 | $24.46 | $25.48 | +4.17% |
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.
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FAQ
When does Civeo Corp (CVEO) report earnings?
Civeo Corp (CVEO) is schdueled to report earning on Jul 25, 2025, TBA Not Confirmed.
What is Civeo Corp (CVEO) earnings time?
Civeo Corp (CVEO) earnings time is at Jul 25, 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 2025 (Q2) is 0.07.
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