The monthly returns are then compounded to arrive at the annual return. Its family of brands and offerings includes Manpower, Experis, and Talent Solutions. This compares to loss of $0.29 per share a. Find out more about how we use your information in our privacy policy and cookie policy. The company is expected to report EPS of $0.71, up . 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. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. Liberty is headquartered in Denver, Colorado. The results are expected to be released on October 27. Total liquidity, including availability under the credit facility, was $269 million. This compares to loss of $0.22 per share a year ago. ET. Liberty is headquartered in Denver, Colorado. These figures are adjusted for non-recurring items. Adjusted EBITDA is a non-GAAP financial measure. These figures are adjusted for non-recurring items. Get prepared with the key expectations. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Integration-related costs are still with us today, impacting our bottom-line results. The report will also indicate a possible IR@libertyfrac.com. Total liquidity, including availability under the credit facility, was $222 million as of March 31, 2022. This compares to . Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. 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. DENVER--(BUSINESS WIRE)-- Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. You may use StockInvest.us and the contents contained in StockInvest.us solely for your own individual non-commercial and informational purposes only. 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%. This quarterly report represents an earnings surprise of 81.25%. DENVER--(BUSINESS WIRE)-- Liberty Oilfield Services Inc. (NYSE: LBRT; "Liberty" or the "Company") announced today first quarter 2022 financial and operational results. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Liberty Oilfield Services (LBRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. We expect that our investments today will lead to strong returns in the coming years, continued Mr. Wright. The frac services market is seeing robust activity improvement and a tightening of the supply-demand balance. earnings report. technical signals. This compares to loss of $0.22 per share a. Over the last four quarters, the company has surpassed consensus EPS estimates three times. As of December 31, 2021, it had a total of approximately 30 active frac fleets. Delayed quotes by Sungard. Participants should ask to join Libertys call. Linde (LIN Quick QuoteLIN - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2022. 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. Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call, Liberty Energy Inc. 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. Visit Performance Disclosure for information about the performance numbers displayed above. We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. One of the most anticipated numbers for analysis is earnings per The Manpower brand offers contingent staffing and permanent recruitment. 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. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. The public operators are maintaining discipline and will show only modest production growth this year, while the private operators are reacting more robustly to strong commodity prices. To read this article on Zacks.com click here. A live webcast will be available at http://investors.libertyfrac.com. 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. Our many technical innovations and investment in vertical integration sets us up nicely to continue creating additional value for our customers and Liberty. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. 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. For the year ended December 31, 2021, revenue increased 156% to $2.5 billion compared to $966 million in 2020. StockInvest.us is a research service that provides financial data and technical analysis of publicly traded stocks. This includes personalizing content and advertising. For the fiscal year, analysts expect a profit per share of $0.023, compared to $-1.014 in the same period last year. Liberty Oilfield Services will be looking to display strength as it nears its next earnings release, which is expected to be January 25, 2023. 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. This quarterly report represents an earnings surprise of 205.56%. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. October 19, 2022, LIN Quick QuoteLIN LBRT Quick QuoteLBRT. 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. The passcode for the replay is 6679552. Net loss attributable to controlling and non-controlling interests. Revenues are . This compares to loss of $0.29 per share a year ago. Net capital expenditures presented above include investing cash flows from purchase of property and equipment, excluding acquisition, net of proceeds from the sales of assets. The webcast can be accessed for 90 days following the call. The severe energy crisis that has wracked Europe over the last several months demonstrates the danger of underinvestment in our industry. 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. New factors emerge from time to time, and it is not possible for us to predict all such factors. Net loss attributable to Liberty Oilfield Services Inc. stockholders $ (55,589 ) $ (38,890 ) $ (37,030 ) $ (179,244 ) $ (115,583 ) Net loss attributable to Liberty Oilfield Services Inc . All users should speak with their financial advisor before buying or selling any securities. 79% of retail CFD accounts lose money, New Oriental Education & Technology Group (EDU) Q2 2023 Earnings Call Transcript. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. We are encouraged by the progress weve made in the first quarter. 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. 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. 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. Despite good reports, at 25 times today's earnings. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. 5,587 sqft. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. For example, a company with a current P/E of 25, trades To learn more, click here. This quarterly report represents an earnings surprise of 23.81%. New factors emerge from time to time, and it is not possible for us to predict all such factors. 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. E&P operators are responding to oil and gas price signals. 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%. Together with our ongoing development of digiFrac electric fleets, these advancements provide customers with differential frac services. 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. Participants should ask to join the Liberty Oilfield Services call. By using the site you agree and are held 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 Energy Inc. (LBRT) - free report >>. The integration of our acquisitions in 2021 came at a short-term financial cost, but these actions are already paying significant dividends in 2022. 22,551 sqft lot. Liberty Oilfield Services (LBRT Quick Quote LBRT - Free Report) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share.This compares to loss . 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. You can change your choices at any time by visiting your privacy controls. Factors Likely to Affect Procter & Gamble's (PG) Q2 Earnings, : Virgin Galactic confirms space-tourism flights on track for Q2, Earnings Preview: Procter & Gamble (PG) Q2 Earnings Expected to Decline, Tilray Brands (TLRY) Q2 2023 Earnings Call Transcript, Tilray Brands, Inc. (TLRY) Reports Q2 Loss, Misses Revenue Estimates, Registration on or use of this site constitutes acceptance of our. Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, Revenue of $684 million for the quarter ended December 31, 2021, a 5% increase from the third quarter, Acquisition and integration of OneStim and PropX to optimize Liberty platform with enhanced technology and scale, Record revenue, proppant and stages pumped in 2021, Best safety performance in Company history in 2021.
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