October 19, 2022, LIN Quick QuoteLIN LBRT Quick QuoteLBRT. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. It offers a range of workforce solutions and services, which includes recruitment and assessment, training and development, career management, outsourcing, and workforce consulting. It is natural for stocks to start to move in either direction a few days before the release (amounts in thousands, except for per share data), Costs of services, excluding depreciation, depletion, and amortization shown separately, Loss (gain) on remeasurement of liability under tax receivable agreements (1), Less: Net loss attributable to non-controlling interests, Net loss attributable to Liberty Oilfield Services Inc. stockholders. The passcode for the replay is 6679552. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. In the fourth quarter, we estimate integration and transition activities negatively impacted adjusted EBITDA by over $20 million. New factors emerge from time to time, and it is not possible for us to predict all such factors. The company has topped consensus revenue estimates four times over the last four quarters. In the first quarter, we expect high single digit sequential revenue growth and strong improvement in our margins as integration costs start to fade away. Liberty Oilfield Services Inc. Market Cap $2B Today's Change (7.39%) $0.95 Current Price $13.80 Price as of July 26, 2022, 4:00 p.m. This compares to loss of $0.29 per share a. Below you can see how LBRT performed 4 days prior and 4 days after releasing the 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. ZacksTrade and Zacks.com are separate companies. 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? Type a symbol or company name. 16 analysts predict losses of $0.161 per share compared to losses of $0.210 per share in the same quarter of the previous year. This story was written by Markets Insider's RoboEddy, which automatically writes these stories based on data provided by our partners. These figures are typically measured against previous quarters/years. Best Professional Services in Paterna, Valencian Community. Adjusted EBITDA2 decreased to $21 million from $32 million in the third quarter. All statements, other than statements of historical facts, included herein concerning, among other things, the deployment of fleets in the future, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, return of capital to stockholders, business strategy and objectives for future operations, are forward-looking statements. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. As of December 31, 2021, it had a total of approximately 30 active frac fleets. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current 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. This includes personalizing content and advertising. 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. (Find current average P/E ratios for all sectors below). Want the latest recommendations from Zacks Investment Research? Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call, Liberty Energy Inc. 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%. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. To learn more, 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. Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. To read this article on Zacks.com click here. 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. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. 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. 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 agreements, Accumulated other comprehensive income (loss), Reconciliation and Calculation of Non-GAAP Financial and Operational Measures, Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA, Depreciation, depletion, and amortization, Loss (gain) on remeasurement of liability under tax receivable agreements, Calculation of Pre-Tax Return on Capital Employed. 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. This compares to year-ago revenues of $653.73 million. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Net loss1 (after taxes) totaled $57 million for the fourth quarter of 2021 compared to net loss1 of $39 million in the third quarter of 2021. So, the shares are expected to outperform the market in the near future. stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Revenues are . Chief Financial Officer Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. Users should not base their investment decision upon StockInvest.us. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.48% per year. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. We are encouraged by the progress weve made in the first quarter. Forward-Looking and Cautionary Statements. 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. Current P/E ratio: 17.48 | Price (Jan 12, 2023, EOD): $16.83 (Find current average P/E ratios for all sectors below ) Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. The company has topped consensus revenue estimates four times over the last four quarters. The integration of our acquisitions in 2021 came at a short-term financial cost, but these actions are already paying significant dividends in 2022. 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. Oct. 19, 2022, 06:05 PM Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. 5,587 sqft. Delayed quotes by Sungard. This compares to loss of $0.29 per share a year ago. Analysts estimate that Liberty Oilfield Services will report an earnings per share (EPS) of $0.63. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. The results are expected to be released on July 27. GAAP). We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. 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. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. With The Job Market Holding Up, What To Expect From ADPs Q2 Earnings? Please read the full disclaimer here. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. A live webcast will be available at http://investors.libertyfrac.com. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 205.56%. the complete list of today's Zacks #1 Rank (Strong Buy) stocks here, Today, See These 5 Potential Home Runs >>, Liberty Energy Inc. (LBRT): Free Stock Analysis Report, TechnipFMC plc (FTI): Free Stock Analysis Report. A higher P/E ratio shows that investors are willing to pay a higher share price today because Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. 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. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. financial data for more than 25 000 publicly traded companies based on our calculated The passcode for the replay is 1068517. You can change your choices at any time by visiting your privacy controls. Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. This quarterly report represents an earnings surprise of 23.81%. 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. Oil and gas are central to the global economy which is well along the way of recovering from the global pandemic. This provider of hydraulic fracturing services is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of +155.2%. 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. 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? 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. These figures are adjusted for non-recurring items. These figures are adjusted for non-recurring items. Copyright Liberty Oilfield Services LLC 2023, https://www.businesswire.com/news/home/20220420006083/en/, Integration of PropX logistics and software solutions improved frac operations in the first quarter, Liberty wireline completed the longest-ever lateral length and deepest measured depth well onshore in, Multiple operational pumping records, including 75 hours of continuous plug and perf pump time. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. Actual results to differ materially from those contained in any forward-looking statements 500 with an average gain of +24.48 per! 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