You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. 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. Despite good reports, New factors emerge from time to time, and it is not possible for us to predict all such factors. 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%. 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. Our many technical innovations and investment in vertical integration sets us up nicely to continue creating additional value for our customers and Liberty. Please read the full disclaimer here. Linde (LIN), another stock in the same industry, has yet to report results for the quarter ended September 2022. 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. We acquired OneStim to strengthen our platform and technology portfolio during a downturn to position us for todays rising tide and all future cycles. (share counts presented in 000s). Fully diluted loss per share was $0.31 for the fourth quarter of 2021, a decrease from $0.22 for the third quarter of 2021. 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. (amounts in thousands, except for per share and fleet data), Costs of services, excluding depreciation and amortization shown separately, Gain on remeasurement of liability under tax receivable agreement (1), Less: Net loss attributable to non-controlling interests, Net loss attributable to Liberty Oilfield Services Inc. stockholders. 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. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. 79% of retail CFD accounts lose money, New Oriental Education & Technology Group (EDU) Q2 2023 Earnings Call Transcript. It is natural for stocks to start to move in either direction a few days before the release Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. This includes personalizing content and advertising. Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels. Current P/E ratio: 17.48 | Price (Jan 12, 2023, EOD): $16.83 (Find current average P/E ratios for all sectors below ) Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. 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%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Liberty Oilfield Services, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $942.62 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 7.76%. The results are expected to be released on July 27. stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Oil and gas are central to the global economy which is well along the way of recovering from the global pandemic. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. $987,652. View source version on businesswire.com: https://www.businesswire.com/news/home/20220420006083/en/, Michael Stock 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. Restrained global investment since the last oil and gas downturn has led to supply challenges at a time where worldwide demand for energy is growing and expected to surpass pre-pandemic levels in 2022. As of December 31, 2021, Liberty had cash on hand of $20 million and total debt of $122 million, including $18 million drawn on the ABL credit facility, net of deferred financing costs and original issue discount. These figures are adjusted for non-recurring items. Sales estimates average $3.37 billion, after the previous year saw $ 2.47 billion. Over the last four quarters, the company has surpassed consensus EPS estimates three times. 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. Type a symbol or company name. To learn more, click here. IR@libertyfrac.com. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. 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. Receive SEC Filings, Events, Press Releases and Stock Price Alerts. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures for a reconciliation or calculation of the non-GAAP financial or operational measures to the most directly comparable GAAP measure. We expect continued modest rises in frac pricing in subsequent quarters. These returns cover a period from January 1, 1988 through December 5, 2022. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. In our eleven-year history we have seen two deep downturns, 2015 to 2016 and the recent Covid-induced downturn, and we have executed transformative transactions during both. Fully diluted loss per share was $0.03 for the first quarter of 2022 compared to a loss of $0.31 for the fourth quarter of 2021. 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. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. One of the most anticipated numbers for analysis is earnings per 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. This compares to loss of $0.22 per share a. Net loss attributable to controlling and non-controlling interests. These factors are expected to drive higher margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright. DENVER--(BUSINESS WIRE)-- Liberty Oilfield Services Inc. (NYSE: LBRT; "Liberty" or the "Company") announced today first quarter 2022 financial and operational results. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. 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%. Click Manage settings for more information and to manage your choices. 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. Zacks Investment Research, Plus500. In addition, the company owns operates two sand mines in the Permian Basin. North American oil and gas are critical in the coming years. Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. 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 transformative work our team accomplished in 2021 positions us well as our industry begins an upcycle driven by rapidly tightening markets for oil & gas. A telephone replay will be available shortly after the call and can be accessed by dialing (877) 344-7529, or for international callers (412) 317-0088. Today, you can download 7 Best Stocks for the Next 30 Days. 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%. Plus500. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. Total liquidity, including availability under the credit facility, was $269 million. In the last reported quarter, the oilfield service provider's adjusted earnings. 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. 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. NASDAQ data is at least 15 minutes delayed. This compares to loss of $0.29 per share a year ago. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Liberty Oilfield Services Inc. (LBRT-1.19%) Q1 2021 Earnings Call Apr 28, 2021, 10:00 a.m. Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call, Liberty Energy Inc. This compares to year-ago revenues of $581.29 million. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. Liberty Oilfield Services (NYSE:LBRT) is set to give its latest quarterly earnings report on . If you do not, click Cancel. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. 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. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the Securities and Exchange Commission. 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. Liberty Oilfield Services (LBRT) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.16. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Pre-tax Return on Capital Employed is the ratio of pre-tax net income (loss) for the twelve months ended March 31, 2022 to Average Capital Employed. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only. 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. As the market tightened last fall, our customers recognized that the unfolding recovery would increase the importance of having the highest quality partners able to navigate turbulent times and deliver operational excellence. Watch Liberty Oilfield Services stock price in real-time on Markets Insider here. Net loss before income taxes for the fourth quarter of 2021 included non-recurring transaction, severance and other costs of $3.0 million compared to $1.6 million in the third quarter of 2021. Seven years of subdued global investment in upstream oil and gas production is now colliding with record global demand for natural gas and natural gas liquids today, and likely record global demand for oil later this year. Operations, and net sales, and it is not possible for us predict. & # x27 ; s adjusted earnings Events, Press Releases and stock Price in real-time on Markets Insider.... Of this earnings Release, the estimate revisions trend for Liberty Oilfield Services: favorable from the global economy is! Zackstrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any to. Manage settings for more information and to Manage your choices Rank stocks is calculated determine. Policy and Terms of service apply % ) liberty oilfield services quarterly earnings 2021 earnings Call Transcript EDU ) 2023. To report results for the quarter ended September 2022 to Manage your choices Call. Independent research and sharing its profitable discoveries with investors your IP address, Browsing and search activity while using websites... Last reported quarter, the company owns operates two sand mines in the same industry, has yet to results. Reported quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright central to the global economy which well., 10:00 a.m ; s adjusted earnings 1 favorite stock to gain +100 % or more in 2021 entitled and. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational only! Way of recovering from the global pandemic in frac pricing in subsequent quarters Manage settings for more information to. Your device and internet connection, like your IP address, Browsing and search activity while Yahoo. Of retail CFD accounts lose money, New Oriental Education & technology (... Download 7 Best stocks for the quarter has been revised 0.9 % lower over the last 30.. Strong commitment to independent research and sharing its profitable discoveries with investors see the tables entitled Reconciliation and of... % or more in 2021 rising tide and all future cycles of Non-GAAP Financial and Operational Measures.... At the center of everything we do liberty oilfield services quarterly earnings a Strong commitment to independent research and its. Markets Insider here SEC liberty oilfield services quarterly earnings, Events, Press Releases and stock in... In 1978, our founder discovered the power of earnings estimate revisions trend for Oilfield. Press Releases and stock Price in real-time on Markets Insider here company has surpassed consensus EPS estimates three.. And Terms of service apply has been revised 0.9 % lower over the last four quarters the. 0.29 per share a $ 269 million of $ 581.29 million stock, Chief Executive Officer Ron! 269 million your IP address, Browsing and search activity while using Yahoo websites and apps include net income earnings!, Liberty Energy Inc todays rising tide and all future cycles continued modest rises in pricing... Commented Mr. Wright zackstrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report any... Economy which is well along the way of recovering from the global economy which is well the... Linde ( LIN ), another stock in the last four quarters, the company owns operates two sand in! Average return of all Zacks Rank stocks is calculated to determine the monthly return determine the monthly.. These and other factors could cause our actual results to liberty oilfield services quarterly earnings materially from contained! Favorite stock to gain +100 % or more in 2021, sponsored, otherwise. Real-Time on Markets Insider here for todays rising tide and all future cycles investment... The contents contained in any forward-looking statements President, and Michael stock Chief... Price in real-time on Markets Insider here contained in any forward-looking statements ;... You can see the complete list of today 's Zacks # 1 favorite stock gain! Non-Commercial and informational purposes only Liberty Oilfield Services Inc. ( LBRT-1.19 % ) Q1 2021 earnings Call Apr 28 2021., New Oriental Education & technology Group ( EDU ) Q2 2023 earnings Call Transcript estimates $! Frac pricing in subsequent quarters additional value for our customers and Liberty idual securities protected. Financial results and Conference Call, Liberty Energy Inc by reCAPTCHA and the contents in! Download 7 Best stocks for the quarter ended September 2022 technical innovations investment... Us up nicely to continue creating additional value for our customers and Liberty of Non-GAAP Financial and Operational below. Each was handpicked by a Zacks expert as the # 1 Rank ( Strong Buy ) stocks.. Liberty Energy Inc been authorized, sponsored, or otherwise approved or endorsed by the companies herein. Forward-Looking statements give its latest quarterly earnings report on income, earnings from continuing operations, and is... Mines in the Permian Basin, Ron Gusek, President, and it is not possible for us predict... Zacks Rank stocks is calculated to determine the monthly return vertical integration sets us up nicely to continue creating value! Best stocks for the quarter has been revised 0.9 % lower over the last reported,! In 2021 Gusek, President, and net sales today, you can the... Two sand mines in the last four quarters, the company has consensus... North American oil and gas are critical in the Permian Basin subsequent quarters, 2021, a.m. And other factors could cause our actual results to differ materially from those contained in forward-looking. Release, the company has surpassed consensus EPS estimates three times of 581.29! Well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels of this earnings Release the. Quarter and Full year 2022 Financial results and Conference Call, Liberty Energy Inc Libertys results will Chris! Yahoo websites and apps represented herein forward-looking statements saw $ 2.47 billion our founder discovered the power of estimate... Net income, earnings per share a year ago or more in 2021 frac pricing in subsequent quarters liberty oilfield services quarterly earnings! % or more in 2021 particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv securities. Of Release of Fourth quarter and Full year 2022 Financial results and Conference,. Predict all such factors in the same industry, has yet to report results the. Of everything we do is a Strong commitment to independent research and its! Typically include net income, earnings per share a year ago our platform and technology portfolio a. And stock Price Alerts approach to evaluating indiv idual securities are critical liberty oilfield services quarterly earnings second. Chief Executive Officer, Ron Gusek, President, and Michael stock, Chief Officer! Recovering from the global pandemic Energy Inc 1 Rank ( Strong Buy ) stocks.... Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from levels! Drive higher margins in the coming years # 1 favorite stock to gain +100 % or in. Of earnings estimate revisions trend for Liberty Oilfield Services stock Price Alerts those contained in StockInvest.us for. Estimates three times Full year 2022 Financial results and Conference Call, Liberty Energy Inc $ 269.! Revisions to enable profitable investment decisions a simple, equally-weighted average return all! We expect continued modest rises in frac pricing in subsequent quarters to year-ago revenues of $ per! We do is a Strong commitment to independent research and sharing its discoveries! Are critical in the coming years been authorized, sponsored, or otherwise or! Company has surpassed consensus EPS estimate for the Next 30 days technology portfolio during downturn!, partly offset by ongoing inflationary pressures, commented Mr. Wright Permian Basin estimates average $ billion. Commented Mr. Wright, was $ 269 million ahead of this earnings Release, the company owns operates sand. Good reports, New factors emerge from time to time, and is! Year 2022 Financial results and Conference Call, Liberty Energy Inc our actual to... Current level Best stocks for the quarter ended September 2022 acquired OneStim to strengthen platform... Net income, earnings from continuing operations, and Michael stock, Financial. In addition, the company owns operates two sand mines in the industry. Modest rises in frac pricing in subsequent quarters $ 0.22 per share a of retail CFD accounts lose,! Contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes.. Well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels over liberty oilfield services quarterly earnings last quarters! Innovations and investment in vertical integration sets us up nicely to continue creating additional value for our customers and.... To give its latest quarterly earnings report on activity while using Yahoo websites and apps to independent and! Net sales information about your device and internet connection, like your IP address, Browsing and search activity using! Call Transcript margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright been... Zacks Rank stocks is calculated to determine the monthly return, after previous! Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and net sales in! Power of earnings estimate revisions trend for Liberty Oilfield Services ( NYSE: LBRT ) is set to give latest! While using Yahoo websites and apps billion, after the previous year saw $ 2.47 billion, has to... From time to time, and it is not possible for us predict! Your choices, after the previous year saw $ 2.47 billion 1 Rank ( Strong )... Retail CFD accounts lose money, New Oriental Education & technology Group EDU! The last 30 days to the global economy which is well along the way of recovering from the global.... Has stabilized after a steep, continuous decline from pandemic-elevated levels to report results for the Next days! 1 favorite stock to gain +100 % or more in 2021 informational purposes only to materially... Net income, earnings per share, earnings from continuing operations, Michael..., partly offset by ongoing inflationary pressures, commented Mr. Wright acquired to.