CiveoNYSE: CVEO

Understanding business fundamentals is crucial for identifying the best stocks. In August 2024, seven companies across various sectors stand out due to their solid attributes.

Dallas, Texas--(Newsfile Corp. - July 31, 2024) - Civeo Corporation (NYSE: CVEO): Stonegate Capital Partners updates their coverage on Civeo Corporation. To view the full announcement, including downloadable images, bios, and more, click here.

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) 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 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.

Analyze how Civeo's (CVEO) global revenue trends may impact Wall Street predictions and the potential direction of the stock.

While the revenue and EPS figures for Civeo (CVEO) provide insight into its performance in the first quarter of 2024, it is important to also examine how certain key metrics stack up against analyst predictions and last year's results.

Civeo (CVEO) reported a quarterly loss of $0.26 per share, which was higher than the Zacks Consensus Estimate of a loss of $0.20 per share. This is an improvement from the loss of $0.42 per share reported a year ago.

Civeo (CVEO) lacks the necessary elements for a potential earnings surprise in its upcoming report. Be ready with the expected outcomes.