Civeo: Q3 Earnings Insights

Civeo CVEO reported its Q3 earnings results on Friday, October 28, 2022 at 06:30 AM.

Here's what investors need to know about the announcement.

Civeo beat estimated earnings by 39.13%, reporting an EPS of $0.32 versus an estimate of $0.23.

Revenue was up $29.16 million from the same period last year.

Last quarter the company beat on EPS by $0.03 which was followed by a 4.0% increase in the share price the next day.

Here's a look at Civeo's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	0.51	-0.24		0.25
EPS Actual	0.54	0.06	0.58	0.03
Revenue Estimate	177.21M	142.24M	142.53M	152.56M
Revenue Actual	184.95M	165.68M	159.80M	155.06M

To track all earnings releases for Civeo visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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