Civeo Corporation (NYSE:CVEO) is a company that provides workforce accommodations, logistics, and facility management services to the natural resources industry. It operates primarily in Canada, Australia, and the United States. Civeo's main competitors include companies like Target Hospitality and Black Diamond Group, which also offer similar services in the workforce accommodation sector.
On February 27, 2025, Civeo reported an earnings per share (EPS) of -$1.10, which was significantly lower than the estimated EPS of -$0.27. This disappointing performance is further highlighted by the Zacks Consensus Estimate, which anticipated a loss of only $0.34 per share. This marks a stark contrast to the same period last year when the company posted earnings of $0.06 per share.
Civeo's actual revenue for the period was approximately $150.95 million, falling short of the estimated revenue of about $176.70 million. Despite this, the company's price-to-sales ratio stands at about 0.53, suggesting a relatively low market valuation compared to its sales. Additionally, the enterprise value to sales ratio is around 0.59, reflecting the company's total valuation in relation to its revenue.
The company's enterprise value to operating cash flow ratio is approximately 3.65, indicating how well Civeo can generate cash from its operations relative to its total valuation. The earnings yield is about 5.45%, providing insight into the return on investment for shareholders. Despite the recent financial challenges, Civeo maintains a debt-to-equity ratio of approximately 0.21, suggesting a relatively low level of debt compared to equity.
Civeo's current ratio is around 1.36, indicating the company's ability to cover its short-term liabilities with its short-term assets. This financial stability is crucial as the company navigates through its current challenges. As highlighted by Bradley J. Dodson, Civeo's President and CEO, 2024 marked the company's 10-year anniversary as an independent entity, showcasing its resilience and adaptability over the past decade.
