Benzinga | Jul 29, 2021 10:45AM EDT

Civeo's Earnings Outlook

Civeo (NYSE:CVEO) releases its next round of earnings this Friday, July 30. Get the latest predictions in Benzinga's essential guide to the company's Q2 earnings report.

Net Income, Earnings, And Earnings Per Share

Earnings and especially earnings per share (EPS) are useful measures of a company's profitability. Total earnings, which is also referred to as net income, equals total revenue minus total expenses. EPS equals to net income divided by the number of shares outstanding.

Earnings And Revenue

Wall Street analysts see Civeo reporting a quarterly loss of $0.17 per share on sales of $132.79 million. In the same quarter last year, Civeo posted break-even earnings on sales of $114.70 million.

What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter?

Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.

The Wall Street consensus estimate for earnings would represent no change for the company. Revenue would be have grown 15.77% from the same quarter last year. Here is how the Civeo's reported EPS has stacked up against analyst estimates in the past: Quarter Q1 2021 Q4 2020 Q3 2020 Q2 2020EPS Estimate -0.56 -0.49 -0.05 -0.1EPS Actual -0.70 -0.16 0.04 0Revenue Estimate 125.30 M 121.60 M 115.50 M 89.20 MRevenue Actual 125.43 M 133.38 M 142.86 M 114.70 M

Want Real-Time Earnings Calendar Updates?

Benzinga consistently updates its earnings calendars to stay up-to-date with the latest company earnings reports. Check out the full earnings calendar list updated in real-time by following this link.

Stock Performance

Shares of Civeo were trading at $21.69 as of July 28. Over the last 52-week period, shares are up 117.97%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

Do not be surprised to see the stock move on comments made during its conference call. Civeo is scheduled to hold the call at 11:00:00 ET and can be accessed here.