Civeo Q1 2024 GAAP EPS $(0.35) Misses $(0.20) Estimate, Sales $166.120M Beat $154.726M Estimate
Portfolio Pulse from Benzinga Newsdesk
Civeo reported Q1 2024 GAAP EPS of $(0.35), missing the $(0.20) estimate, but its sales of $166.120M exceeded the $154.726M forecast. This represents a slight decrease in sales compared to the same period last year.
April 26, 2024 | 10:32 am
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Civeo's Q1 2024 earnings missed EPS estimates but beat sales forecasts, with a minor decrease in sales year-over-year.
The miss in EPS estimates could negatively impact investor sentiment, but the beat on sales forecasts and only a slight decrease in sales year-over-year might offset some of the negative impact. The mixed results present a neutral short-term outlook for CVEO's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100