Civeo (CVEO) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Civeo (CVEO) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Civeo (CVEO) Beats Q2 Earnings and Revenue Estimates
Civeo (CVEO) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.30 per share a year ago.
Civeo Corp: Still Stellar Even As Shares Lag
Civeo Corp operates accommodations in remote areas for natural resource extraction companies, offering cheaper alternatives to building their own facilities. The company's revenue has seen weakness, but the stock is still cheap and has potential for meaningful upside. Despite disappointing expectations for the fiscal year, Civeo Corp's stock is undervalued and the company continues to reduce debt. Demand for its services is expected to grow in the long run.
Civeo Corporation: Dividend Yield, And Promising Forward EBITDA And CapEx Plans Warrant A Buy Rating
Civeo Corporation reports better than expected revenue and is significantly undervalued compared to competitors. The company operates in the natural resources sector, providing various services including accommodation, management, and maintenance. Civeo is investing in growing areas, reporting positive net sales growth, and has capital expenditure plans for future expansion.
