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. A Good Enough Start to the Q4 Earnings Season, 4 Sectors & Their ETFs Returning Double-Digits to Start 2023, Top Analyst Reports for Pfizer, Abbott Laboratories & Union Pacific. Liberty Oilfield Services, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $1.19 billion for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 13.40%. financial data for more than 25 000 publicly traded companies based on our calculated Announces Third Quarter 2022 Financial and Operational Results, Fourth Quarter 2022 Earnings Conference Call, Third Quarter 2022 Earnings Conference Call, View our leaders, Board of Directors, Committees and Governance Documents. North American oil and gas are critical in the coming years. NASDAQ data is at least 15 minutes delayed. The company is expected to report EPS of $0.71, up . LBRT Quick Quote. We present EBITDA and Adjusted EBITDA because we believe they provide useful information regarding the factors and trends affecting our business in addition to measures calculated under GAAP. 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. This compares to year-ago revenues of $581.29 million. This compares to loss of $0.29 per share a year ago. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. A quarter ago, it was expected that this provider of hydraulic fracturing services would post earnings of $0.18 per share when it actually produced earnings of $0.55, delivering a surprise of 205.56%. This compares to loss of $0.29 per share a year ago. Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call, Liberty Energy Inc. 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. For the year ended December 31, 2021, and 2020 diluted weighted average common shares outstanding excludes the weighted average shares of Class B common stock (7,052 and 27,427, respectively), restricted shares (0 and 207, respectively) and restricted stock units (3,589 and 2,460, respectively) outstanding during the period. A Tale of Two Investors: Which One Are You? Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on Wednesday, 2022-10-19. Total liquidity, including availability under the credit facility, was $269 million. To read this article on Zacks.com click here. Click to get this free reportLiberty Energy Inc. (LBRT) : Free Stock Analysis ReportLinde plc (LIN) : Free Stock Analysis ReportTo read this article on Zacks.com click here. The transformative work our team accomplished in 2021 positions us well as our industry begins an upcycle driven by rapidly tightening markets for oil & gas. Copyright Liberty Oilfield Services LLC 2023. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only. Chief Financial Officer These returns cover a period from January 1, 1988 through December 5, 2022. This quarterly report represents an earnings surprise of 81.25%. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. This compares to loss of $0.29 per share a year ago. North America is well positioned to be the largest provider of additional oil and gas supply that powers the global economy and enables the modern world. This compares to. the balance sheet, and the cash flow statement. For the last reported quarter, it was expected that Liberty Oilfield Services would post a loss of $0.06 per share when it actually produced earnings of $0.02, delivering a surprise of +133.33%. StockInvest.us provides daily technical stock analysis commentaries and In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Liberty Energy. While Liberty Oilfield Services has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Do Not Sell My Personal Information (CA Residents Only). Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. Risk Factors included in our Annual Report on Form 10-K for the year ended December 31, 2021 as filed with the SEC on February 22, 2022 and in our other public filings with the SEC. Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. of an earnings report. This compares to loss of $0.22 per share a. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. These figures are adjusted for non-recurring items. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? We define Adjusted EBITDA as EBITDA adjusted to eliminate the effects of items such as non-cash stock based compensation, new fleet or new basin start-up costs, fleet lay-down costs, costs of asset acquisitions, gain or loss on the disposal of assets, bad debt reserves, transaction, severance, and other costs, the loss or gain on remeasurement of liability under our tax receivable agreements and other non-recurring expenses that management does not consider in assessing ongoing performance. Stocks moving after hours: Alcoa, Discover, Vroom, For-profit schools appeal student loan discharge settlement for 200,000 borrowers, Microsoft layoffs a 'rip the Band-Aid off' moment: Analyst Dan Ives, British Columbia reaches deal with First Nations in Canada's Montney shale play, Two Fed Voters Favor Downshift to Quarter-Point Rate Hikes. Liberty Oilfield Services will report earnings from the most recent quarter on April 20. The information above includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The outlook presented herein is subject to change by Liberty without notice and Liberty has no obligation to affirm or update such information, except as required by law. Plus500. For the first quarter of 2022, revenue increased 16% to $793 million from $684 million in the fourth quarter of 2021. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. Adjusted EBITDA is a non-GAAP financial measure. 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, FMC Technologies (FTI), is yet to report results for the quarter ended June 2022. Click to get this free reportLiberty Energy Inc. (LBRT): Free Stock Analysis ReportTechnipFMC plc (FTI): Free Stock Analysis ReportTo read this article on Zacks.com click here. Operating and finance lease right-of-use assets, Current portion of operating and finance lease liabilities, Current portion of long-term debt, net of discount, Long-term operating and finance lease liabilities, Payable pursuant to tax receivable agreement, Reconciliation and Calculation of Non-GAAP Financial and Operational Measures, Reconciliation of Net Income to EBITDA and Adjusted EBITDA, Gain on remeasurement of liability under tax receivable agreement, Calculation of Pre-Tax Return on Capital Employed. Watch. If you wish to go to ZacksTrade, click OK. Summary Results and Highlights. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The net loss for the quarter was negatively impacted by $9 million related to loss on disposal of assets and remeasurement of liability under tax receivable agreements (TRA). Net loss before income taxes for the year ended December 31, 2021 included non-recurring transaction, severance and other costs of $15.1 million compared to $21.1 million for the year ended December 31, 2020. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Systematic retrieval of data or other content from StockInvest.us, whether to create or compile, post to other websites, directly or indirectly, as text, video or audio, a collection, compilation, database or directory, is prohibited absent our express prior written consent. In 2021, the focus was the integration of OneStim and its customers into Liberty. The information above includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. New factors emerge from time to time, and it is not possible for us to predict all such factors. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. Liberty Energy Inc. Liberty Oilfield Services Inc. (NYSE: LBRT; Liberty or the Company) announced today first quarter 2022 financial and operational results. Together with our ongoing development of digiFrac electric fleets, these advancements provide customers with differential frac services. Copy and paste multiple symbols separated by spaces. 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. Laboratorios Lpez Valero Sl, Ingenieria y Sistemas Hidroknock SL, Cdn Limpiezas, Rentabilitum, S.L., Limpieza de Filtros Navarro, Rusoma Multiservicios Hogar Valencia DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT) (Liberty or the Company) announced today fourth quarter and full year 2021 financial and operational results. Within the frac market, two years of supply attrition and cannibalization plus constraints from labor shortages, and a secular shift towards next generation frac fleet technologies has led to tightness in the frac space. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. Type a symbol or company name. What's Next for Liberty Oilfield Services? stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. $176/sqft. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. The current consensus EPS estimate is $0.55 on $1.06 billion in revenues for the coming quarter and $1.79 on $3.84 billion in revenues for the current fiscal year. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. Relatively low and declining oil and gas inventories have led to persistent upward pressure on commodity prices, even prior to the Russian invasion of Ukraine. To read this article on Zacks.com click here. We enhanced our technological advantages through the acquisition of PropX with wet sand handling and industry-leading last-mile proppant delivery solutions. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. New factors emerge from time to time, and it is not possible for us to predict all such factors. Today, you can download 7 Best Stocks for the Next 30 Days. earnings report. Zacks Equity Research Investment decisions at Liberty are always made with a long-term time horizon, continued Mr. Wright. Privacy Policy | No cost, no obligation to buy anything ever. Click Manage settings for more information and to manage your choices. The North American economy is proving more resilient to todays global challenges in significant part due to a secure supply of natural gas. In connection with the recognition of a valuation allowance, the Company was also required to remeasure the liability under the tax receivable agreement resulting in a gain. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. A live webcast will be available at http://investors.libertyfrac.com. Find out more about how we use your information in our privacy policy and cookie policy. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Liberty Oilfield Services will be looking to display strength as it nears its next earnings release, which is expected to be January 25, 2023. October 19, 2022, LIN Quick QuoteLIN LBRT Quick QuoteLBRT. You can change your choices at any time by visiting your privacy controls. Adjusted EBITDA2 increased 345% to $92 million from $21 million in the fourth quarter. Liberty Oilfield Services (. Liberty Energy Inc. was founded in 2011 and is headquartered in Denver, Colorado. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Revenues are . In accordance with U.S. GAAP, diluted weighted average common shares outstanding for the three months ended December 31, and September 30, 2021, and December 31, 2020, exclude weighted average shares of Class B common stock (2,581, 1,860, and 21,970, respectively), restricted shares (0, 0, and 79, respectively) and restricted stock units (4,039, 3,256, and 2,507, respectively) outstanding during the period. 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 #1 (Strong Buy) for the stock. Zacks Investment Research, Plus500. Paterna House / Villa. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. This compares to year-ago revenues of $653.73 million. These forward-looking statements represent our expectations or beliefs concerning future events, and it is possible that the results described in this earnings release will not be achieved. Delayed quotes by Sungard. Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Terms of Use and Privacy Policy. Net loss before incomes taxes totaled $178 million for the year ended December 31, 2021 compared to $192 million for the year ended December 31, 2020. 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 Liberty Oilfield Services: favorable. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. This compares to year-ago revenues of $653.73 million. Risk Factors included in our Annual Report on Form 10-K for the year ended December 31, 2020 as filed with the SEC on February 24, 2021 and in our other public filings with the SEC. We are encouraged by the progress weve made in the first quarter. Current P/E ratio: 16.11 | Price (Jan 18, 2023, EOD): $14.75 Non-GAAP financial and operational measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. Net loss attributable to Liberty Oilfield Services Inc. stockholders per common share: Weighted average common shares outstanding: During the second quarter of 2021, the Company entered into a three-year cumulative pre-tax book loss driven primarily by Covid-19 which, applying the interpretive guidance to Accounting Standards Codification Topic 740 - Income Taxes, required the Company to recognize a valuation allowance against certain of the Companys deferred tax assets. The Manpower brand offers contingent staffing and permanent recruitment. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, The webcast can be accessed for 90 days following the call. DENVER--(BUSINESS WIRE)-- Liberty Oilfield Services Inc. (NYSE: LBRT; "Liberty" or the "Company") announced today first quarter 2022 financial and operational results. In accordance with U.S. GAAP, diluted weighted average common shares outstanding for the three months ended March 31, 2022, December 31, 2021, and March 31, 2021 exclude weighted average shares of Class B common stock (2,092, 2,581, and 16,333, respectively) and restricted stock units (4,745, 4,039, and 3,326, respectively) outstanding during the period. Our board of directors, management, investors, and lenders use EBITDA and Adjusted EBITDA to assess our financial performance because it allows them to compare our operating performance on a consistent basis across periods by removing the effects of our capital structure (such as varying levels of interest expense), asset base (such as depreciation, depletion and amortization) and other items that impact the comparability of financial results from period to period. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. The modest, below stated plan, increases in OPEC supply and release of global emergency oil reserves are simply not enough to supply a rebounding world economy. Please refer to the reconciliation of Adjusted EBITDA (a non-GAAP measure) to net income (a GAAP measure) in this earnings release. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. We, Yahoo, are part of the Yahoo family of brands. technical signals. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. 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 #1 (Strong Buy) for the stock. We define Adjusted EBITDA as EBITDA adjusted to eliminate the effects of items such as non-cash stock based compensation, new fleet or new basin start-up costs, fleet lay-down costs, costs of asset acquisitions, gain or loss on the disposal of assets, bad debt reserves and non-recurring expenses that management does not consider in assessing ongoing performance. We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. Zacks Ranks stocks can, and often do, change throughout the month. You can change your choices at any time by visiting your privacy controls. What's Next for Liberty Oilfield Services? Despite good reports, The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2023, Nasdaq, Inc. All Rights Reserved. We expect continued modest rises in frac pricing in subsequent quarters. We use cookies to understand how you use our site and to improve your experience. This provider of hydraulic fracturing services is expected to post quarterly earnings of $0.71 per share in its upcoming report, which represents a year-over-year change of +336.7%. The company has topped consensus revenue estimates four 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.Liberty Oilfield Services shares have added about 24.2% since the beginning of the year versus the S&P 500's decline of -16.9%.What's Next for Liberty Oilfield Services?While Liberty Oilfield Services 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. Liberty customers are seeing differential execution in this difficult environment, in part due to vertical integration from our OneStim and PropX acquisitions. The presentation of non-GAAP financial and operational measures is not intended to be a substitute for, and should not be considered in isolation from, the financial measures reported in accordance with U.S. GAAP. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. For the last reported quarter, it was expected that Liberty Oilfield Services would post earnings of $0.63 per share when it actually produced earnings of $0.78, delivering a surprise of +23.81%. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. Users should not base their investment decision upon StockInvest.us. This quarterly report represents an earnings surprise of 23.81%. Liberty Oilfield Services , which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $1.19 billion for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 13.40%. Net loss1 (after taxes) totaled $5 million for the first quarter of 2022 compared to net loss1 (after taxes) of $57 million in the fourth quarter of 2021. Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. Analysts estimate . A quarter ago, it was expected that this provider of hydraulic fracturing services would post a loss of $0.16 per share when it actually produced a loss of $0.03, delivering a surprise of 81.25%. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. However, the absence of these words does not mean that the statements are not forward-looking. 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 #1 (Strong Buy) for the stock. The monthly returns are then compounded to arrive at the annual return. This compares to loss of $0.29 per share a. 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. The severe energy crisis that has wracked Europe over the last several months demonstrates the danger of underinvestment in our industry. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. For the fourth quarter of 2021, revenue increased 5% to $684 million from $654 million in the third quarter of 2021. Liberty is headquartered in Denver, Colorado. 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. ZacksTrade and Zacks.com are separate companies. We entered 2022 with the right people, asset base and strategy to execute in a tightening frac market, and we are pleased to deliver strong first quarter results. These factors are expected to drive higher margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright. Its family of brands and offerings includes Manpower, Experis, and Talent Solutions. 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. The results are expected to be released on July 27. These forward-looking statements are identified by their use of terms and phrases such as may, expect, estimate, outlook, project, plan, position, believe, intend, achievable, anticipate, will, continue, potential, likely, should, could, and similar terms and phrases. 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. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. So, the shares are expected to outperform the market in the near future. It also offers hydraulic fracturing pressure pumping services, including pressure pumping and pumpdown perforating services, as well wireline services, proppant delivery solutions, data analytics, related goods and technologies. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. In the second quarter, we expect approximately 10% sequential revenue growth, driven by increased activity and continued incremental improvement in net service price. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. of growth expectations in the future. For example, a company with a current P/E of 25, trades Here's what investors need to know before the announcement. These forward-looking statements represent our expectations or beliefs concerning future events, and it is possible that the results described in this earnings release will not be achieved. LBRT - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Todays operational challenges include labor shortages, sand supply tightness and logistics bottlenecks. Receive SEC Filings, Events, Press Releases and Stock Price Alerts. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries.
liberty oilfield services quarterly earnings
Publikováno 19.2.2023