CVEO Earnings Prediction
The chart below shows how CVEO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CVEO sees a +3.57% change in stock price 10 days leading up to the earnings, and a -0.71% change 10 days following the report. On the earnings day itself, the stock moves by -2.13%. This data can give you a slight idea of what to expect for the next quarter's release.
CVEO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
150.95M
-11.62%
-14.40%
Gross Margin
7.34%
-36.94%
-36.40%
Operating Margin
-4.12%
41100.00%
-3533.33%
Net Margin
-10.22%
-177.07%
240.67%
EPS
-1.10
-170.97%
205.56%
No Data Available
CVEO Earnings Analysis
Civeo Corp Corporation (CVEO.N) Earnings Conference Call
Positive
Occupancy and Revenue Surge: Strong occupancy levels in Australia with a 23% revenue increase compared to Q4 2023, driven by a $1.4 billion contract and acquisition of four villages.
Acquisition Boosts Cash Flow: The acquisition of four villages in the Australian Bowen Basin is expected to be immediately accretive to cash flow and supports long-term revenue stability with take-or-pay contracts.
Shareholder Returns Overview: Civeo returned approximately $44 million to shareholders in 2024 through dividends and share repurchases, representing 65% of free cash flow.
Revenue Diversification and Debt Reduction: The company has successfully diversified its revenue sources and reduced debt since its spin-off, with a current net leverage ratio of 0.5x and total liquidity of approximately $202 million.
Asset-Light Business Growth: Civeo's asset-light business has shown significant growth, with a five-year top line organic CAGR of 38% in integrated services, indicating a successful shift in business strategy.
Growth Opportunities in North America: The company is optimistic about medium to long-term growth opportunities in North America, particularly with potential ramp-up of LNG projects and carbon capture initiatives.
Negative
Canadian Revenue Decline: Lower build rooms in Canada due to reduced capital spending from customers, leading to a significant revenue drop in the Canadian segment.
Decline in Financial Performance: Net loss of $15.1 million in Q4 2024, compared to a profit in the previous year, indicating a decline in overall financial performance.
EBITDA Decline Analysis: Adjusted EBITDA decreased from $106.5 million in 2023 to $79.9 million in 2024, reflecting challenges in the Canadian market and the impact of the McClelland Lake Lodge sale.
Canadian Revenue Decline: Canadian revenues fell from $72.7 million in Q4 2023 to $40.7 million in Q4 2024, highlighting a substantial decline in business activity in that region.
Declining Adjusted EBITDA: Negative adjusted EBITDA of $4.7 million in Canada for Q4 2024, down from a positive $3.5 million in the same quarter of 2023, indicating operational difficulties.
Impact of Uncertainty on Occupancy: Increased political and economic uncertainty in Canada is causing delays in capital spending and a focus on cost reductions by customers, negatively impacting occupancy rates.
EBITDA Currency Headwind: The company anticipates a $5 million EBITDA headwind due to weakened currency exchange rates, affecting U.S. denominated results.
Restructuring Costs Impact: One-time restructuring costs of approximately $3 million expected in Q1 2025 as the company rightsizes its Canadian operations, indicating ongoing operational challenges.
CVEO FAQs
How does CVEO typically perform around its earnings report dates?
Is Civeo Corp (CVEO) Q4 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
CVEO Earning Call Sentiment
Civeo Corporation (CVEO) Q4 2024 Earnings Call Transcript
CVEO.N
1.09%Positive
The earnings call presents a mixed picture with strong performance in Australia but significant challenges in Canada, including a net loss and decreased revenues. The Q&A suggests potential long-term shifts in Canadian customer behavior, creating uncertainty. Despite positive shareholder returns, the weak financial results and negative adjusted EBITDA in Canada weigh heavily. The lack of clear guidance on Canadian revenue streams and the overall negative sentiment from analysts further contribute to a negative outlook for the stock price in the short term.
