Civeo Corporation (NYSE:CVEO) is trading up 203.88% versus 12-month low of 0.75 and stands -19.22% lower from its 1-year peak of $2.81. The consensus price target (PT) of $3.25 means that the market expects Company shares to increase by 42.5% in the short run. The sell-side target prices range from $3 to $3.5. In the last month the stock has moved in price -0.87%, with a one year change of 99.12%. The last trading session volume compares with the 767.82K average and market worth floats around 251.61M.
Civeo Corporation (NYSE:CVEO) fell -0.44% to reach at the trading price of $2.27 as it is set to release its next quarterly earnings report on March 16, 2017. Civeo Corporation stock trades in the range of $2.27 to $2.38 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $-0.17 a share with $91M in revenue.
Civeo Corporation (CVEO) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast Civeo Corporation to earn $-0.15 per share (EPS) on revenue of $100.3M. The EPS consensus range is $-0.15-$-0.15 on revenue between $100.3M and $100.3M.
While if we look at the Earnings Track Record, Civeo Corporation (CVEO) managed to surpass quarterly earnings per share estimates in 5 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 50%. Last time the company reported, Civeo Corporation (CVEO) generated $-0.12 in earnings per share, beating the consensus estimate of $-0.17. Revenues hit $104.24M in the September 2017 quarter, which was below the consensus $96.2M projection. On the other hand, in the December 2017 quarter the company recorded a net $97.29M revenue with earnings per share of $-0.11. Wall Street had anticipated $96.4M and $-0.13, respectively. For comparison, there was a revenue of $106.54M and EPS of $-0.09 in the September 2016 period.
Civeo Corporation (NYSE:CVEO) Analyst Insights
The buoyancy in the outlook of Civeo Corporation (CVEO) is getting stronger by the somewhat negative sentiment (2.00 on a 5-point scale) that sell-side analysts have provided concerning it. Scotia Howard Weil has been covering shares of CVEO, so it is most recent view is worth a look. In a research note issued on Jul 13, 2016, analysts at downgraded the stock to Sector Outperform from Focus Stock. Another noteworthy analyst activity was recorded on Jun 22, 2016. Scotia Howard Weil Analysts lifted the stock to Focus Stock from Sector Outperform.