Civeo Full Year 2023 Earnings: Beats Expectations
Civeo (NYSE:CVEO) Full Year 2023 Results
Key Financial Results
Revenue: US$700.8m (flat on FY 2022).
Net income: US$30.2m (up from US$2.96m loss in FY 2022).
Profit margin: 4.3% (up from net loss in FY 2022).
EPS: US$2.02 (up from US$0.21 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Civeo Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates significantly.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.7% growth forecast for the Commercial Services industry in the US.
Performance of the American Commercial Services industry.
The company's shares are up 5.3% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Civeo (1 is potentially serious) you should be aware of.
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