Civeo Stock (NYSE:CVEO), Trade Ideas

Civeo

Civeo Corp provides hospitality services to the natural resources industry in Canada, Australia and the United States. The company provides a full suite of services for guests, including lodging, catering and food service, housekeeping and maintenance at accommodation facilities that the company or its customers own. The company provides services that support the day-to-day operations of these facilities, such as laundry, facility management and maintenance, water and wastewater treatments, power generation, communication systems, security and logistics. The company operates in active oil, metallurgical coal, liquefied natural gas and iron ore-producing regions. The company operates in three reportable business segments Canada, Australia and the United States.

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Civeo Corp (NYSE: CVEO) has entered into a definitive agreement to sell its McClelland Lake Lodge assets to a U.S.-based mining project 

Civeo Divests McClelland Lake Lodge Assets For $36M

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HAMMERHEAD ENERGY INC A by Hammerhead Energy Inc.

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Hims & Hers Health, Inc. Class A Common Stock

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	Cardio Diagnostics Holdings, Inc. (NASDAQ: CDIO) shares jumped 153% to $3.24 after the company announced the launch of PrecisionCHD, an integrated epigenetic-genetic blood test for the early detection of coronary heart disease.


Why Titan International Shares Are Trading Lower By Around 22%? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

Buybacks

Civeo Repurchases 2.6% Of Its Shares For $10.7M

Civeo Corp

Civeo Expects FY24 Revenues Of $625M-$700M Vs. 623.11M Estimate, Sees Adjusted EBITDA Of $80M-$90M And Capital Expenditures Of $30M-$35M

<p>Civeo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) reported quarterly sales of $170.80 million which beat the analyst consensus estimate of $151.12 million by 13.02 percent.  This is a 5.31 percent increase over sales of $162.19 million the same period last year.</p>


Earnings

Civeo Q4 Sales $170.80M Beat $151.12M Estimate, Company Exits Q4 With Cash And Equivalents Worth $3.32M

<p><strong>Civeo</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-29. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that Civeo will report an <strong>earnings per share</strong> (EPS) of $0.07. </p>
<p>Civeo bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Historical Earnings Performance</h3>
<p>Last quarter the company beat EPS by $0.40, which was followed by a 0.0% drop in the share price the next day.</p>
<p>Here's a look at Civeo's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.21</td>
<td>0.31</td>
<td>-0.26</td>
<td>-0.61</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.61</td>
<td>0.30</td>
<td>-0.42</td>
<td>-0.90</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>2.0%</td>
<td>1.0%</td>
<td>5.0%</td>
<td>-22.0%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1709139708_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Civeo were trading at $22.32 as of February 27. Over the last 52-week period, shares are down 3.41%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/CVEO/earnings"><strong>To track all earnings releases for Civeo visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings Outlook For Civeo

<p>As the day concludes, <b>Matthews International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATW#NASDAQ">MATW</a>)</b> is preparing to distribute a dividend payout of $0.24 per share, resulting in an annualized dividend yield of 2.82%. This payout is exclusive to investors who held the stock before the ex-dividend date on February 02, 2024.</p>
<h3>Matthews International Recent Dividend Payouts</h3>
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<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-02-02</td>
<td style="text-align: right;">4</td>
<td>$0.24</td>
<td>2.82%</td>
<td>2024-01-24</td>
<td>2024-02-05</td>
<td>2024-02-19</td>
</tr>
<tr>
<td>2023-11-24</td>
<td style="text-align: right;">4</td>
<td>$0.24</td>
<td>2.46%</td>
<td>2023-11-15</td>
<td>2023-11-27</td>
<td>2023-12-11</td>
</tr>
<tr>
<td>2023-08-04</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>1.92%</td>
<td>2023-07-26</td>
<td>2023-08-07</td>
<td>2023-08-21</td>
</tr>
<tr>
<td>2023-05-05</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>2.54%</td>
<td>2023-04-26</td>
<td>2023-05-08</td>
<td>2023-05-22</td>
</tr>
<tr>
<td>2023-02-03</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>2.54%</td>
<td>2023-01-25</td>
<td>2023-02-06</td>
<td>2023-02-20</td>
</tr>
<tr>
<td>2022-11-25</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>3.3%</td>
<td>2022-11-16</td>
<td>2022-11-28</td>
<td>2022-12-12</td>
</tr>
<tr>
<td>2022-08-05</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>3.27%</td>
<td>2022-07-27</td>
<td>2022-08-08</td>
<td>2022-08-22</td>
</tr>
<tr>
<td>2022-05-06</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>2.97%</td>
<td>2022-04-28</td>
<td>2022-05-09</td>
<td>2022-05-23</td>
</tr>
<tr>
<td>2022-02-04</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>2.59%</td>
<td>2022-01-27</td>
<td>2022-02-07</td>
<td>2022-02-21</td>
</tr>
<tr>
<td>2021-11-26</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>2.28%</td>
<td>2021-11-17</td>
<td>2021-11-29</td>
<td>2021-12-13</td>
</tr>
<tr>
<td>2021-08-06</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>2.55%</td>
<td>2021-07-28</td>
<td>2021-08-09</td>
<td>2021-08-23</td>
</tr>
<tr>
<td>2021-05-07</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>1.99%</td>
<td>2021-04-28</td>
<td>2021-05-10</td>
<td>2021-05-24</td>
</tr>
</tbody>
</table>
<p>With a dividend yield that places it neither at the top nor the bottom, Matthews International finds itself in the middle among its industry peers, while <b>Civeo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>)</b> boasts the highest annualized dividend yield at 4.42%.</p>
<h3>Analyzing Matthews International Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1708355110_0.png" alt="dividend chart graph" /></p>
<p>From 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $0.84 in 2020 to $0.93 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.</p>
<h3>YoY Earnings Growth For Matthews International</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1708355110_1.png" alt="earning chart graph" /></p>
<p>From 2020 to 2023, Matthews International experienced a decrease in earnings per share, dropping from $3.01 to $2.88. This declining earnings trend may be worrisome for income-seeking investors, as it indicates a potential impact on the company's ability to sustain or increase its cash dividend payouts. Further analysis is necessary to understand the underlying reasons for this decrease.</p>
<h3>Recap</h3>
<p>This article provides an in-depth analysis of Matthews International's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.24 per share, resulting in an annualized dividend yield of 2.82%.</p>
<p>With a dividend yield that places it neither at the top nor the bottom, Matthews International finds itself in the middle among its industry peers, while Civeo boasts the highest annualized dividend yield at 4.42%.</p>
<p>The rising dividend per share and declining earnings per share of Matthews International from 2020 to 2023 indicate a deliberate choice to prioritize dividend distribution over earnings performance.</p>
<p>Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.</p>
<p>[See current stock movements Matthews International on Benzinga.](https://www.benzinga.com/quote/<b>Matthews International (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/matw#NASDAQ">MATW</a>)</b>)</p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Dividends

MATW

Matthews International Continues Support to Investors while Adjusting Profits, Adapting to Market Pressures

<p>At the end of today, December 11, 2023, <b>Matthews International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MATW#NASDAQ">MATW</a>)</b> will distribute a dividend payout of $0.24 per share, translating to an annualized dividend yield of 2.46%. Shareholders who held the stock before the ex-dividend date on November 24, 2023 will benefit from this payout.</p>
<h3>Matthews International Recent Dividend Payouts</h3>
<style>
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            width: 100%;
            border-collapse: collapse;
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            font-size: 14px;
        }

        th, td {
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            color: #fff;
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        .dividend-frequency {
            font-size: 12px;
            color: #6c757d;
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    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-11-24</td>
<td style="text-align: right;">4</td>
<td>$0.24</td>
<td>2.46%</td>
<td>2023-11-15</td>
<td>2023-11-27</td>
<td>2023-12-11</td>
</tr>
<tr>
<td>2023-08-04</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>1.92%</td>
<td>2023-07-26</td>
<td>2023-08-07</td>
<td>2023-08-21</td>
</tr>
<tr>
<td>2023-05-05</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>2.54%</td>
<td>2023-04-26</td>
<td>2023-05-08</td>
<td>2023-05-22</td>
</tr>
<tr>
<td>2023-02-03</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>2.54%</td>
<td>2023-01-25</td>
<td>2023-02-06</td>
<td>2023-02-20</td>
</tr>
<tr>
<td>2022-11-25</td>
<td style="text-align: right;">4</td>
<td>$0.23</td>
<td>3.3%</td>
<td>2022-11-16</td>
<td>2022-11-28</td>
<td>2022-12-12</td>
</tr>
<tr>
<td>2022-08-05</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>3.27%</td>
<td>2022-07-27</td>
<td>2022-08-08</td>
<td>2022-08-22</td>
</tr>
<tr>
<td>2022-05-06</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>2.97%</td>
<td>2022-04-28</td>
<td>2022-05-09</td>
<td>2022-05-23</td>
</tr>
<tr>
<td>2022-02-04</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>2.59%</td>
<td>2022-01-27</td>
<td>2022-02-07</td>
<td>2022-02-21</td>
</tr>
<tr>
<td>2021-11-26</td>
<td style="text-align: right;">4</td>
<td>$0.22</td>
<td>2.28%</td>
<td>2021-11-17</td>
<td>2021-11-29</td>
<td>2021-12-13</td>
</tr>
<tr>
<td>2021-08-06</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>2.55%</td>
<td>2021-07-28</td>
<td>2021-08-09</td>
<td>2021-08-23</td>
</tr>
<tr>
<td>2021-05-07</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>1.99%</td>
<td>2021-04-28</td>
<td>2021-05-10</td>
<td>2021-05-24</td>
</tr>
<tr>
<td>2021-02-05</td>
<td style="text-align: right;">4</td>
<td>$0.21</td>
<td>2.73%</td>
<td>2021-01-27</td>
<td>2021-02-08</td>
<td>2021-02-22</td>
</tr>
</tbody>
</table>
<p>When comparing Matthews International's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer <b>Civeo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>)</b> having the highest annualized dividend yield at 4.35%.</p>
<h3>Analyzing Matthews International Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2023/1702307121_0.png" alt="dividend chart graph" /></p>
<p>From 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $0.81 in 2019 to $0.89 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.</p>
<h3>YoY Earnings Growth For Matthews International</h3>
<p><img src="https://www.benzinga.com/files/images/story/2023/1702307121_1.png" alt="earning chart graph" /></p>
<p>The earnings chart above reveals a decrease in Matthews International's earnings per share, declining from $3.31 in 2019 to $2.88 in 2022. This could raise concerns for income-seeking investors, as it suggests a decline in the company's profitability. It is crucial to closely monitor the situation and assess the factors contributing to this decrease, as it may have implications for future cash dividend payouts.</p>
<h3>Recap</h3>
<p>This article provides an in-depth analysis of Matthews International's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.24 per share, resulting in an annualized dividend yield of 2.46%.</p>
<p>When comparing Matthews International's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Civeo having the highest annualized dividend yield at 4.35%.</p>
<p>The rising dividend per share and declining earnings per share of Matthews International from 2019 to 2022 indicate a deliberate choice to prioritize dividend distribution over earnings performance.</p>
<p>Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.</p>
<p>[Click here](<a href="https://www.benzinga.com/stock//dividends" title="https://www.benzinga.com/stock//dividends">https://www.benzinga.com/stock//dividends</a>) to find details on Matthews International's previous dividends.</p>
<p>To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.  </p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Matthews International Adapts to Economic Shifts to Support Investor Confidence

<p>Stifel  analyst Stephen Gengaro   maintains Civeo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) with a Buy and lowers the price target from $31 to $30.</p>


Price Target

Analyst Ratings

Stifel Maintains Buy on Civeo, Lowers Price Target to $30

Guidance

Civeo Expects Adjusted EBITDA Of $95M-$100M Compared To Prior Guidance Of $90M-$95M

Civeo Sees FY23 Revenue Of $675M-$685M Compared To Prior Guidance Of $640M-$650M And Consensus of $650.83M

Civeo Agreed To Sell McClelland Lake Lodge For Approximately C$49M ($36M)

<p>Civeo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) reported quarterly earnings of $0.61 per share. This is a 90.62 percent increase over earnings of $0.32 per share from the same period last year.  The company reported quarterly sales of $183.57 million which beat the analyst consensus estimate of $166.74 million by 10.10 percent.  This is a 0.36 percent decrease over sales of $184.23 million the same period last year.</p>


Civeo Q3 EPS $0.61 Up From $0.32 YoY, Sales $183.57M Beat $166.74M Estimate

<p><strong>Civeo</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) is set to give its latest quarterly earnings report on Friday, 2023-10-27. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that Civeo will report an <strong>earnings per share</strong> (EPS) of $0.21. </p>
<p>Civeo bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Historical Earnings Performance</h3>
<p>Last quarter the company missed EPS by $0.01, which was followed by a 0.0% drop in the share price the next day.</p>
<p>Here's a look at Civeo's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
<th><strong>Q3 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>0.31</td>
<td>-0.26</td>
<td>-0.61</td>
<td>0.23</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>0.30</td>
<td>-0.42</td>
<td>-0.90</td>
<td>0.32</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>1.38%</td>
<td>4.85%</td>
<td>-21.76%</td>
<td>3.21%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2023/1698336088_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Civeo were trading at $19.43 as of October 25. Over the last 52-week period, shares are down 37.74%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/CVEO/earnings"><strong>To track all earnings releases for Civeo visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


<p>The Company expects to close the transaction before January 31, 2024, subject to the satisfaction of customary closing conditions.</p>


Civeo To Sell Its McClelland Lake Lodge Assets To US-Based Mining Project For Approximately $36M

<p>Wednesday marks the last chance for investors to receive the next  dividend payout from <strong>Civeo</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>). </p>
<h3>What's Happening</h3>
<p>The company announced on Tuesday that it would pay shareholders a quarterly dividend of 25 cents per share. On Thursday, Civeo will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 25 cents lower than it would have opened on any other day.</p>
<p>In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own CVEO as of the end of Wednesday's session are eligible to receive the 25 cents dividend payout for every share that they own. </p>
<p>According to the company, this dividend will be paid out to shareholders on September 29, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. </p>
<p><a href="https://www.benzinga.com/quote/CVEO">Track real-time stock fluctuations for Civeo on Benzinga.</a></p>


Civeo's Ex-Dividend Date Is Thursday, Here's What You Need To Know

<h3>Gainers</h3>
<ul>
<li><strong>AeroVironment</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>) shares increased by 25.5% to $119.64 during Wednesday's regular session. As of 13:30 EST, AeroVironment's stock is trading at a volume of 1.5 million, which is 865.1% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $3.1 billion. The company's, Q1 earnings came out yesterday. </li>
<li><strong>Greenland Technologies</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTEC#NASDAQ">GTEC</a>) shares moved upwards by 13.94% to $4.33. Greenland Technologies's stock is trading at a volume of 1.0 million shares as of 13:30 EST. This is 917.4% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $56.1 million. </li>
<li><strong>Civeo</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) stock moved upwards by 10.37% to $20.57. The market value of their outstanding shares is at $305.3 million. </li>
<li><strong>Agrify</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGFY#NASDAQ">AGFY</a>) shares moved upwards by 9.57% to $3.09. The company's market cap stands at $5.0 million. </li>
<li><strong>DSS</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/DSS#AMEX">DSS</a>) shares increased by 9.31% to $0.22. DSS's stock is trading at a volume of 643.9K shares as of 13:30 EST. This is 99.9% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $31.2 million. </li>
<li><strong>Electriq Power Holdings</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELIQ#NYSE">ELIQ</a>) stock moved upwards by 9.28% to $2.0. As of 13:30 EST, Electriq Power Holdings's stock is trading at a volume of 427.4K, which is 17.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $76.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>Heliogen</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLGN#NYSE">HLGN</a>) stock decreased by 18.4% to $6.91 during Wednesday's regular session. The current volume of 89.9K shares is 110.4% of Heliogen's average full-day volume over the last 100 days (last updated at 13:30 EST). The market value of their outstanding shares is at $40.4 million. </li>
<li><strong>1847 Holdings</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) shares declined by 18.2% to $0.08. The current volume of 14.8 million shares is 212.1% of 1847 Holdings's average full-day volume over the last 100 days (last updated at 13:30 EST). The company's market cap stands at $2.7 million. </li>
<li><strong>Eos Energy Enterprises</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>) shares fell 17.46% to $2.81. As of 13:30 EST, Eos Energy Enterprises's stock is trading at a volume of 10.9 million, which is 112.3% of its average full-day volume over the last 100 days. The company's market cap stands at $376.0 million. </li>
<li><strong>Wheels Up Experience</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UP#NYSE">UP</a>) shares declined by 14.87% to $2.18. Trading volume for this security as of 13:30 EST is 1.0 million, which is 66.3% of its average full-day volume over the last 100 days. The company's market cap stands at $55.3 million. </li>
<li><strong>Hydrofarm Holdings Group</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYFM#NASDAQ">HYFM</a>) stock fell 14.49% to $1.12. Hydrofarm Holdings Group's stock is trading at a volume of 1.0 million shares as of 13:30 EST. This is 207.8% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $51.0 million. </li>
<li><strong>Ault Alliance</strong> (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AULT#AMEX">AULT</a>) shares fell 12.07% to $1.02. Ault Alliance's stock is trading at a volume of 1.3 million shares as of 13:30 EST. This is 118.7% of its average full-day volume over the last 100 days. The company's market cap stands at $5.6 million.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


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12 Industrials Stocks Moving In Wednesday's Intraday Session

<p>Share Repurchase Authorization</p>
<p>In addition to the announcement of the quarterly dividend, the Company announced today that its Board of Directors has renewed its share repurchase authorization for the Company to repurchase up to&nbsp;5%&nbsp;of its total common shares outstanding through the facilities of the New York Stock Exchange over the next twelve months.</p>
<p>Civeo intends to fund repurchases through cash on hand and cash generated from operations. The Company plans to opportunistically use this program as part of the aforementioned capital allocation strategy.</p>
<p>This share repurchase authorization is made in reliance on the &quot;other published markets&quot; exemption from the formal issuer bid requirements under applicable securities laws for normal course issuer bids and represents the maximum annual share repurchase authorization permitted under the exemption.</p>


Civeo Corporation Announces Renewal Of Share Repurchase Authorization For The Company To Repurchase Up To 5% Of Its Total Common Shares Outstanding Through The Facilities Of The New York Stock Exchange Over The Next Twelve Months

Civeo Corp Raised FY23 Revenue Outlook To $640M-$650M (Prior $630M-$650M) Vs $648.28M Est

<p>Civeo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) reported quarterly earnings of $0.30 per share which missed the analyst consensus estimate of $0.31 by 3.23 percent. This is a 44.44 percent decrease over earnings of $0.54 per share from the same period last year.  The company reported quarterly sales of $178.84 million which beat the analyst consensus estimate of $173.59 million by 3.03 percent.  This is a 3.30 percent decrease over sales of $184.95 million the same period last year.</p>


Civeo Q2 EPS $0.30 Misses $0.31 Estimate, Sales $178.84M Beat $173.59M Estimate

<p><strong>Civeo</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) is set to give its latest quarterly earnings report on Friday, 2023-07-28. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that Civeo will report an <strong>earnings per share</strong> (EPS) of $0.31. </p>
<p>Civeo bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Historical Earnings Performance</h3>
<p>Last quarter the company missed EPS by $0.16, which was followed by a 0.0% drop in the share price the next day.</p>
<p>Here's a look at Civeo's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
<th><strong>Q3 2022</strong></th>
<th><strong>Q2 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>-0.26</td>
<td>-0.61</td>
<td>0.23</td>
<td>0.51</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-0.42</td>
<td>-0.90</td>
<td>0.32</td>
<td>0.54</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>4.85%</td>
<td>-21.76%</td>
<td>1.79%</td>
<td>4.73%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2023/1690473736_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Civeo were trading at $19.45 as of July 26. Over the last 52-week period, shares are down 36.17%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/CVEO/earnings"><strong>To track all earnings releases for Civeo visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings Preview: Civeo

<p><a href="https://pro.benzinga.com/?utm_source=insights">According to Benzinga Pro data,</a> during Q1, <strong>Civeo</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) posted sales of $167.59 million. Earnings were up 47.72%, but Civeo still reported an overall loss of $6.31 million. Civeo collected $162.19 million in revenue during Q4, but reported earnings showed a $12.07 million loss. </p>
<h3>What Is ROCE?</h3>
<p>Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. <strong>In Q1, Civeo posted an ROCE of -0.02%.</strong></p>
<p>It is important to keep in mind that ROCE evaluates past performance and is not used as a predictive tool. It is a good measure of a company's recent performance, but does not account for factors that could affect earnings and sales in the near future. </p>
<p>ROCE is a powerful metric for comparing the effectiveness of capital allocation for similar companies. A relatively high ROCE shows Civeo is potentially operating at a higher level of efficiency than other companies in its industry. If the company is generating high profits with its current level of capital, some of that money can be reinvested in more capital which will generally lead to higher returns and, ultimately, earnings per share (EPS) growth. </p>
<p>For Civeo, a negative ROCE ratio of -0.02% suggests that management may not be effectively allocating their capital. Effective capital allocation is a positive indicator that a company will achieve more durable success and favorable long-term returns; poor capital allocation can be a leech on the performance of a company over time.</p>
<h3>Upcoming Earnings Estimate</h3>
<p>Civeo reported Q1 earnings per share at $-0.42/share, which did not meet analyst predictions of $-0.26/share.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Civeo's Return On Capital Employed Overview

<p>Stifel  analyst Stephen Gengaro   maintains Civeo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVEO#NYSE">CVEO</a>) with a Buy and lowers the price target from $37 to $31.</p>


Stifel Maintains Buy on Civeo, Lowers Price Target to $31

Civeo Corporation: Another Upgrade Is Warranted

2023 Was A Solid Year For High-Conviction Stocks

Civeo Corporation declares $0.25 dividend

Notable earnings before Thursday's open

Civeo Corporation Q4 2023 Earnings Preview

Civeo CorporationEPS of $1.55, revenue of $170.8M beats by $19.68M

Civeo Corporation (CVEO) Q4 2023 Earnings Call Transcript

There's a lot to be optimistic about in the Industrial Goods sector as 3 analysts just weighed in on Enovix (ENVX – Research Report), Civeo (CVEO –...

Analysts Offer Insights on Industrial Goods Companies: Enovix (ENVX), Civeo (CVEO) and Agco (AGCO)

The latest update is out from Civeo Corp (CVEO). Carolyn J. Stone has recently stepped down as Senior Vice President, Chief Financial Officer, and ...

Civeo Corp Announces CFO Transition and Interim Appointment

Civeo Corp.: Shares Aren't Even Close To Being Fairly Valued

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Press Releases

Civeo Corporation Initiates Regular Quarterly Dividend of $0.25 Per Share and Announces Renewal of Share Repurchase Authorization