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. 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. For the first quarter of 2022, revenue increased 16% to $793 million from $684 million in the fourth quarter of 2021. 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. The monthly returns are then compounded to arrive at the annual return. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.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.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. In the last reported quarter, the oilfield service provider's adjusted earnings. Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. Zacks Equity Research for 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. If you do not, click Cancel. 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. This provider of equipment and services to energy companies is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of +166.7%. This compares to loss of $0.21 per share a year ago. Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. 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. By using the site you agree and are held Find out more about how we use your information in our privacy policy and cookie policy. This compares to loss of $0.29 per share a. 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 information can give you a slight idea of what you might expect for the next quarter's release. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. This compares to loss of $0.22 per share a. These returns cover a period from January 1, 1988 through December 5, 2022. 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. Please see the supplemental financial information in the table under Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA at the end of this earnings release for a reconciliation of the non-GAAP financial measure of Adjusted EBITDA to its most directly comparable GAAP financial measure. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. This compares to loss of $0.29 per share a year ago. 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%. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Do Not Sell My Personal Information (CA Residents Only). Chief Financial Officer The webcast can be accessed for 90 days following the call. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. The integration of our acquisitions in 2021 came at a short-term financial cost, but these actions are already paying significant dividends in 2022. IR@libertyfrac.com, Internet Explorer presents a security risk. 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. decisions whether to buy, sell, or stay in the company. 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. Delayed quotes by Sungard. So, the shares are expected to outperform the market in the near future. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. Todays operational challenges include labor shortages, sand supply tightness and logistics bottlenecks. Tight oil and natural gas markets, coupled with geopolitical tensions in many key oil and gas producing regions, have all eyes on North American supply. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Integration-related costs are still with us today, impacting our bottom-line results. As of June 30, 2021, Liberty had cash on hand of $31 million, a decrease from first quarter levels as working capital increased, and total debt of $106 million, net of deferred financing costs and . Investors always try to be ahead of the market and future earnings/losses are often discounted into the current We enhanced our technological advantages through the acquisition of PropX with wet sand handling and industry-leading last-mile proppant delivery solutions. 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. We, Yahoo, are part of the Yahoo family of brands. You can change your choices at any time by visiting your privacy controls. 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. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. Copyright Liberty Oilfield Services LLC 2023. The company has topped consensus revenue estimates four times over the last four quarters. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial These figures are adjusted for non-recurring items. The replay will be available until February 16, 2022. We define Adjusted EBITDA as EBITDA adjusted to eliminate the effects of items such as non-cash stock based compensation, new fleet or new basin start-up costs, fleet lay-down costs, costs of asset acquisitions, gain or loss on the disposal of assets, bad debt reserves, transaction, severance, and other costs, the loss or gain on remeasurement of liability under our tax receivable agreements and other non-recurring expenses that management does not consider in assessing ongoing performance. This compares to year-ago revenues of $653.73 million. New factors emerge from time to time, and it is not possible for us to predict all such factors. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. 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%. 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. The Manpower brand offers contingent staffing and permanent recruitment. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. The consensus EPS estimate for the quarter has been revised 2.3% lower over the last 30 days to the current level. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc. Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. ET. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Net loss1 (after taxes) totaled $5 million for the first quarter of 2022 compared to net loss1 (after taxes) of $57 million in the fourth quarter of 2021. This story was written by Markets Insider's RoboEddy, which automatically writes these stories based on data provided by our partners. We continue to invest in the early part of this cycle, to grow our competitive advantage and capitalize on strategic opportunities to benefit our shareholders over the long term, continued Mr. Wright. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. The current consensus EPS estimate is $0.25 on $945.6 million in revenues for the coming quarter and $0.72 on $3.56 billion in revenues for the current fiscal year. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. featured in The Global Fintech Index 2020 as the top Fintech company of the country. Participants should ask to join the Liberty Oilfield Services call. A higher P/E ratio shows that investors are willing to pay a higher share price today because The results are expected to be released on July 27. The passcode for the replay is 1068517. (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. of an earnings report. Together with our ongoing development of digiFrac electric fleets, these advancements provide customers with differential frac services. Create your Watchlist to save your favorite quotes on Nasdaq.com. Zacks Ranks stocks can, and often do, change throughout the month. This compares to loss of $0.29 per share a year ago. The presentation of these non-GAAP financial and operational measures below at a short-term financial,! All Zacks Rank stock-rating system non-GAAP financial and operational measures below information ( CA Residents Only.! 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