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Market Overview

Preview: Civeo's Earnings


On Friday, February 26, Civeo (NYSE:CVEO) will release its latest earnings report. Here is Benzinga's outlook for the company.

Net Income, Earnings, And Earnings Per Share

Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.

Earnings And Revenue

Civeo EPS will likely be near $0.49 while revenue will be around $121.60 million, according to analysts. In the same quarter last year, Civeo reported a loss per share of $0.07 on revenue of $148.69 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The analyst consensus estimate would represent a 600.0% decrease in the company's earnings. Sales would have fallen 18.22% from the same quarter last year. Here is how the company's EPS has stacked up against analyst estimates in the past:

Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020
EPS Estimate -0.05 -0.1 -0.07 -0.08
EPS Actual 0.04 0 -0.01 -0.07
Revenue Estimate 115.50 M 89.20 M 135.60 M 130.05 M
Revenue Actual 142.86 M 114.70 M 138.79 M 148.69 M

Stock Performance

Over the last 52-week period, shares are up 42.31%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Do not be surprised to see the stock move on comments made during its conference call. Civeo is scheduled to hold the call at 11:00:00 ET and can be accessed here.


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Posted-In: BZI-EPEarnings