Civeo (CVEO) Misses Q1 EPS by 9c, provides guidance

Civeo (NYSE: CVEO) reported Q1 EPS of ($0.35), $0.09 worse than the analyst estimate of ($0.26). Revenue for the quarter came in at $166.1 million versus the consensus estimate of $152.45 million.

GUIDANCE:

Civeo sees FY2024 revenue of $625-700 million, versus the consensus of $653.6 million.

For the full year of 2024, Civeo is maintaining its previously provided Adjusted EBITDA guidance range of $80 million to $90 million. The Company is also maintaining its full year 2024 capital expenditure guidance of $30 million to $35 million.

For earnings history and earnings-related data on Civeo (CVEO) click here.

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