FMP

FMP

Civeo Corporation's Impressive Earnings Report

  • Civeo Corporation (NYSE:CVEO) reported an EPS of $1.61, significantly surpassing the estimated $0.20.
  • The company's revenue of $170.5 million slightly missed the forecast, indicating a minor setback amidst overall growth.

Civeo Corporation, trading on the NYSE under the symbol CVEO, is a provider of workforce accommodations, logistics, and facility management services. The company operates primarily in Canada, Australia, and the United States, serving the natural resources industry. Civeo's competitors include companies like Target Hospitality and Black Diamond Group, which also offer similar services in the workforce accommodation sector.

On October 31, 2025, CVEO reported its earnings before the market opened, revealing an impressive earnings per share (EPS) of $1.61, far exceeding the estimated EPS of $0.20. This strong performance is a testament to the company's operational and strategic progress, as highlighted by CEO Bradley Dodson during the Q3 2025 earnings call. Despite this, the actual revenue of $170.5 million fell slightly short of the estimated $173.5 million.

Civeo's third-quarter results underscore the company's growth in its Australian operations and an improved cost structure in Canada. The Australian segment has shown both year-over-year and sequential growth, reflecting the company's successful efforts in these regions.

The company's valuation metrics reveal a price-to-sales ratio of 0.43, meaning the stock is valued at 43 cents for every dollar of sales. The enterprise value to sales ratio is 0.72, indicating the company's valuation in relation to its revenue. Additionally, the enterprise value to operating cash flow ratio is 36.18, which may suggest a high valuation compared to the cash flow generated from operations.

The debt-to-equity ratio stands at 1.08, indicating more debt than equity, while the current ratio of 1.64 suggests a good level of liquidity to cover short-term liabilities. These metrics provide a comprehensive view of Civeo's financial position and operational performance.