Liberty Energy Inc <LBRT.N>: Profits of 75 cents per share anticipated for fourth quarter

Published on January 23, 2023 01:34 PM PST

Liberty Energy Inc <LBRT.N>: Profits of 75 cents per share anticipated for fourth quarter — Image source: ©2022 Kalkine Media®

23 January 2023 09:34 p.m. All figures in US dollars. Liberty Energy Inc is expected to show an increase in its fourth quarter earnings to 75 cents per share according to the mean Refinitiv estimate from nine analysts. Wall Street expects results to range from 62 cents to 88 cents per share. RECOMMENDATIONS * The consensus recommendation for the company is "Buy". This includes three "Strong Buy", six "Buy", six "Hold". * The average consensus recommendation for the oil related services and equipment peer group is also "Buy". FORECAST CHANGES * Fifteen analysts are currently providing Refinitiv with estimates. * In the last week there have been no earnings estimate revisions by analysts covering the company. There were no changes to the number of estimates. * In the last four weeks the earnings per share estimate has risen by 0.45 percent from 75 cents. Estimates ranged from a high of 88 cents to a low of 59 cents. There has been no changes to the number of estimates. * The StarMine predicted earnings surprise is too low to be considered statistically significant. Predicted revenue surprise is too low to be significant. * The average price target from the fifteen analysts providing estimates is $21.96. YEAR OVER YEAR * The company is expected to report a rise in revenue to $1.2 billion from $683.74 million in the same quarter last year.The company's guidance on October 20 2022, for the period ended December 31, was for revenue of $683.735 million. * The current quarter consensus estimate of 75 cents per share implies a gain of 314.29 percent from the same quarter last year when the company reported -35 cents per share. * Previous quarterly performance (using preferred earnings measure) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Sep. 30 2022 0.64 0.90 Beat Jun. 30 2022 0.19 0.55 Beat Mar. 31 2022 -0.15 0.03 Beat Dec. 31 2021 -0.17 -0.35 Missed This summary was machine generated from Refinitiv data January 23 at 09:34 p.m..

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