What's Next: ProFrac Holding's Earnings Preview

ProFrac Holding (NASDAQ:ACDC) is set to give its latest quarterly earnings report on Tuesday, 2024-11-05. Here's what investors need to know before the announcement.

Analysts estimate that ProFrac Holding will report an earnings per share (EPS) of $-0.06.

The announcement from ProFrac Holding is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.

It's worth noting for new investors that guidance can be a key determinant of stock price movements.

Earnings History Snapshot

During the last quarter, the company reported an EPS missed by $0.14, leading to a 5.49% drop in the share price on the subsequent day.

Here's a look at ProFrac Holding's past performance and the resulting price change:

Quarter

Q2 2024

Q1 2024

Q4 2023

Q3 2023

EPS Estimate

0.14

0.02

0.02

0.10

EPS Actual

0

0

-0.60

-0.21

Price Change %

-5.0%

-4.0%

6.0%

0.0%

Tracking ProFrac Holding's Stock Performance

Shares of ProFrac Holding were trading at $5.96 as of November 01. Over the last 52-week period, shares are down 25.0%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

Analyst Views on ProFrac Holding

For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on ProFrac Holding.

A total of 3 analyst ratings have been received for ProFrac Holding, with the consensus rating being Buy. The average one-year price target stands at $6.83, suggesting a potential 14.6% upside.

Peer ...