Civeo Is Maintaining Previously Provided FY24 Revenue Guidance Range Of $625M-$700M Vs. $665.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
Civeo is maintaining its previously provided FY24 revenue guidance range of $625M-$700M, which aligns with the $665.18M estimate. The company also maintains its Adjusted EBITDA guidance of $80M-$90M and capital expenditure guidance of $30M-$35M for the full year of 2024.
July 30, 2024 | 10:36 am
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Civeo is maintaining its FY24 revenue guidance of $625M-$700M, which aligns with the $665.18M estimate. The company also maintains its Adjusted EBITDA guidance of $80M-$90M and capital expenditure guidance of $30M-$35M for 2024.
Civeo's decision to maintain its FY24 revenue, Adjusted EBITDA, and capital expenditure guidance suggests stability and predictability in its financial outlook. This alignment with market estimates is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100