What to Expect from Liberty Energy's Earnings

Liberty Energy (NYSE:LBRT) will release its quarterly earnings report on Wednesday, 2024-10-16. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Liberty Energy to report an earnings per share (EPS) of $0.61.

Anticipation surrounds Liberty Energy's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.

New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

Past Earnings Performance

In the previous earnings release, the company missed EPS by $0.00, leading to a 1.58% increase in the share price the following trading session.

Here's a look at Liberty Energy's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.61

0.56

0.57

0.75

EPS Actual

0.61

0.48

0.54

0.85

Price Change %

2.0%

3.0%

6.0%

7.000000000000001%

Liberty Energy Share Price Analysis

Shares of Liberty Energy were trading at $20.41 as of October 14. Over the last 52-week period, shares are up 1.89%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.

Insights Shared by Analysts on Liberty Energy

Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Liberty Energy.

The consensus rating for Liberty Energy is Buy, derived from 4 analyst ratings. An average one-year ...