Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs. It offers food, housekeeping, and maintenance services, as well as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security, and logistics services, and camp management services. In addition, the company provides development activities for workforce accommodation facilities, including site selection, permitting, engineering and design, manufacturing management, and site construction services, as well as lodging and catering services. It serves oil, mining, engineering, and oilfield and mining service companies. Civeo Corporation was founded in 1977 and is headquartered in Houston, Texas.

Civeo Corporation (Canada)

Marriott International (MAR) came out with quarterly earnings of $3.57 per share, beating the Zacks Consensus Estimate of $2.12 per share. This compares to earnings of $1.96 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 68.40%. A quarter ago, it was expected that this hotel company would post earnings of $2.10 per share when it actually produced earnings of $2.11, delivering a surprise of 0.48%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Marriott, which belongs to the Zacks Hotels and Motels industry, posted revenues of $6.1 billion for the quarter ended December 2023, missing the Zacks Consensus Estimate by 3.61%. This compares to year-ago revenues of $5.92 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Marriott shares have added about 10.4% since the beginning of the year versus the S&P 500's gain of 5.3%.
What's Next for Marriott?
While Marriott has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Marriott: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.30 on $6.01 billion in revenues for the coming quarter and $9.79 on $25.61 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Hotels and Motels is currently in the top 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Civeo (CVEO), is yet to report results for the quarter ended December 2023.
This provider of remote-site workforce housing is expected to post quarterly earnings of $0.07 per share in its upcoming report, which represents a year-over-year change of +107.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Civeo's revenues are expected to be $151.12 million, down 6.8% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Marriott International (MAR) Tops Q4 Earnings Estimates

The following are today's upgrades for Validea's Price/Sales Investor model based on the published strategy of Kenneth Fisher. This value strategy rewards stocks with low P/S ratios, long-term profit growth, strong free cash flow and consistent profit margins.
CIVEO CORP (CVEO) is a small-cap value stock in the Real Estate Operations industry. The rating according to our strategy based on Kenneth Fisher changed from 50% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Civeo Corporation is engaged in providing hospitality services. The Company operates through three business segments: Canada, Australia, and the United States. It provides hospitality services to guests, including lodging, catering, food service, housekeeping, and maintenance at accommodation facilities. It also provides services that support the day-to-day operations of accommodation facilities, such as laundry, facility management and maintenance, water and wastewater treatment, power generation, communication systems, security, and logistics. The company offers development activities for workforce accommodation facilities, including site selection, permitting, engineering and design, manufacturing management, and site construction, along with providing hospitality services once the facility is constructed. The Company operates approximately a total of 26 lodges and villages in Canada, Australia, and the U.S., with an aggregate of approximately 28,000 rooms.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of CIVEO CORP
About Kenneth Fisher: The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. The younger Fisher wowed Wall Street in the mid-1980s when his book Super Stocks first popularized the idea of using the price/sales ratio (PSR) as a means of identifying attractive stocks. According to his alma mater, Humboldt State University, Fisher is also one of the world's foremost experts on 19th century logging. Appropriately, Fisher's firm, Fisher Investments, is located in a lush forest preserve in Woodside, California, where the contrarian-minded Fisher says he and his employees can get away from Wall Street groupthink.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Civeo Corporation (Canada)

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