the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The webcast can be accessed for 90 days following the call. Liberty Energy Inc. was founded in 2011 and is headquartered in Denver, Colorado. We are encouraged by the progress weve made in the first quarter. 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 compares to loss of $0.22 per share a. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Total liquidity, including availability under the credit facility, was $222 million as of March 31, 2022. 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. 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. Here's what investors need to know before the announcement. 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. Business integrations are always challenging, this time exacerbated by Covid-impacted supply chain and difficult labor challenges. Investment decisions at Liberty are always made with a long-term time horizon, continued Mr. Wright. decisions whether to buy, sell, or stay in the company. On April 20, Liberty Oilfield Services will be reporting Q1 earnings. Chief Financial Officer Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. 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 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. Liberty has focused on finding the right long-term partnerships for the coming years and has been very disciplined in holding our active frac fleet count steady until returns are strong. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. 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 will host a conference call to discuss the results at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Wednesday, February 9, 2022. See our report's 7 new picks today, absolutely FREE. We also set many operational records during 2021. Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Watch Liberty Oilfield Services stock price in real-time on Markets Insider here. What's Next for Liberty Oilfield Services? 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. 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. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Revenues. 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. 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. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. 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. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. For the first quarter of 2022, revenue increased 16% to $793 million from $684 million in the fourth quarter of 2021. However, January was a significant turning point in moving these cost pressures behind us, continued Mr. Wright. With The Job Market Holding Up, What To Expect From ADPs Q2 Earnings? Real time prices by BATS. 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%. This compares to loss of $0.21 per share a year ago. The frac services market is seeing robust activity improvement and a tightening of the supply-demand balance. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Average Capital Employed is the simple average of Total Capital Employed as of December 31, 2021 and 2020. 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. Analysts estimate . Liberty will host a conference call to discuss the results at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time) on Thursday, April 21, 2022. The company is expected to report EPS of $0.71, up . Users should not base their investment decision upon StockInvest.us. This compares to loss of $0.22 per share a. For more information about Liberty, please contact Investor Relations at IR@libertyfrac.com. Together with our ongoing development of digiFrac electric fleets, these advancements provide customers with differential frac 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? 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. Click Manage settings for more information and to manage your choices. E&P operators are responding to oil and gas price signals. Paterna House / Villa. Click Manage settings for more information and to manage your choices. Over the last four quarters, the company has surpassed consensus EPS estimates three times. We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. If you do not, click Cancel. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. All users should speak with their financial advisor before buying or selling any securities. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. Liberty Oilfield Services (LBRT Quick QuoteLBRT - Free Report) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. 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. 4 Baths. 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. FMC Technologies' revenues are expected to be $1.7 billion, up 1.6% from the year-ago quarter. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. For example, a company with a current P/E of 25, trades These figures are adjusted for non-recurring items. IR@libertyfrac.com. 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. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. We use cookies to understand how you use our site and to improve your experience. Energy enables everything we do, and our passion is to energize the world. share because it indicates how much the company earned for its shareholders. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Baker Hughes Company BKR is set to report fourth-quarter 2022 results on Jan 23, before the opening bell. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. This gas supplier is expected to post quarterly earnings of $2.93 per share in its upcoming report, which represents a year-over-year change of +7.3%. Liberty is headquartered in Denver, Colorado. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.48% per year. 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. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. Zacks->. Liberty Oilfield Services Inc. (NYSE: LBRT; Liberty or the Company) announced today first quarter 2022 financial and operational results. Below you can see how LBRT performed 4 days prior and 4 days after releasing the Today, you can download 7 Best Stocks for the Next 30 Days. These factors are expected to drive higher margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright. Pre-tax Return on Capital Employed is the ratio of pre-tax net loss for the twelve months ended December 31, 2021 to Average Capital Employed. Adjusted EBITDA is a non-GAAP financial measure. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. NASDAQ data is at least 15 minutes delayed. GAAP). 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. LBRT Quick Quote. Liberty is headquartered in Denver, Colorado. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. 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%. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. A live webcast will be available at http://investors.libertyfrac.com. 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%. Get prepared with the key expectations. 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. The Manpower brand offers contingent staffing and permanent recruitment. This quarterly report represents an earnings surprise of 205.56%. As a result of these factors, actual results may differ materially from those indicated or implied by such forward-looking statements. 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. If you wish to go to ZacksTrade, click OK. ET. Liberty is headquartered in Denver, Colorado. 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. 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 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. DENVER--(BUSINESS WIRE)-- Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. price of the stock. What's Next for Liberty Oilfield Services? Stock prices can fluctuate wildly on days when the quarterly earnings report is released. The webcast can be accessed for 90 days following the call. This compares to year-ago revenues of $581.29 million. Liberty Energy Inc. Liberty revenue increased 16% sequentially as we leveraged our vertically integrated portfolio to better mitigate the early quarter impacts of sand and logistics challenges, notably in the Permian basin. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. However, the prize was large and our team worked in overdrive to bring nearly 2,000 new team members into Liberty while continuing to deliver superior service performance to all of our customers, both legacy and new. 23, before the opening bell company with a long-term time horizon, continued Mr. Wright to add appears add... Results on Jan 23, before the announcement with a long-term time,... 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