Civeo Q2 EPS $0.30 Misses $0.31 Estimate, Sales $178.84M Beat $173.59M Estimate
Portfolio Pulse from Benzinga Newsdesk
Civeo (NYSE:CVEO) reported Q2 earnings of $0.30 per share, missing the analyst consensus estimate of $0.31 by 3.23%. This is a 44.44% decrease from the same period last year. However, the company's quarterly sales of $178.84 million beat the analyst consensus estimate of $173.59 million by 3.03%, despite being a 3.30% decrease from the same period last year.
July 28, 2023 | 10:31 am
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NEGATIVE IMPACT
Civeo's Q2 earnings missed estimates and decreased from last year, while sales beat estimates but also decreased from last year.
Civeo's earnings miss and year-over-year decrease could negatively impact investor sentiment, potentially leading to a short-term decrease in stock price. However, the sales beat might mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100