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. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. For example, a company with a current P/E of 25, trades 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. To read this article on Zacks.com click here. of an earnings report. Liberty Oilfield Services (LBRT Quick Quote LBRT - Free Report) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share.This compares to loss . On April 20, Liberty Oilfield Services will be reporting Q1 earnings. 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%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. Despite good reports, This compares to loss of $0.21 per share a year ago. Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days. 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. 2021 was a record year for Liberty work performed whether measured by revenues, frac stages or pounds of sand pumped. Adjusted EBITDA is a non-GAAP financial measure. 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. The monthly returns are then compounded to arrive at the annual return. A wealth of resources for individual investors is available at www.zacks.com. Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. Written by 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. What's Next for Liberty Oilfield Services? Users should not base their investment decision upon StockInvest.us. In addition, the company owns operates two s LBRT Profile. Net loss before incomes taxes totaled $178 million for the year ended December 31, 2021 compared to $192 million for the year ended December 31, 2020. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.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%.What's Next for Liberty Oilfield 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?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. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. decisions whether to buy, sell, or stay in the company. 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. In accordance with U.S. GAAP, diluted weighted average common shares outstanding for the three months ended December 31, and September 30, 2021, and December 31, 2020, exclude weighted average shares of Class B common stock (2,581, 1,860, and 21,970, respectively), restricted shares (0, 0, and 79, respectively) and restricted stock units (4,039, 3,256, and 2,507, respectively) outstanding during the period. We, Yahoo, are part of the Yahoo family of brands. 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. To read this article on Zacks.com click here. Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. 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 agreements, Accumulated other comprehensive income (loss), Reconciliation and Calculation of Non-GAAP Financial and Operational Measures, Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA, Depreciation, depletion, and amortization, Loss (gain) on remeasurement of liability under tax receivable agreements, Calculation of Pre-Tax Return on Capital Employed. To learn more, click here. This earnings release includes unaudited non-GAAP financial and operational measures, including EBITDA, Adjusted EBITDA and Pre-Tax Return on Capital Employed. We are excited for the opportunity ahead and are investing to build truly differential competitive advantages in frac fleet technology, digital systems, and logistics optimization bolstered by the PropX acquisition. 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. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. So, the shares are expected to outperform the market in the near future. 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%. These returns cover a period from January 1, 1988 through December 5, 2022. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. However, the absence of these words does not mean that the statements are not forward-looking. alongside a more general view of the financials and future forecast. Copyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606. Looking ahead, our collaborative approach with our customers and continued investment in innovation positions us well for the future, continued Mr. Wright. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. It offers a range of workforce solutions and services, which includes recruitment and assessment, training and development, career management, outsourcing, and workforce consulting. Liberty Oilfield Services (LBRT) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of a loss of $0.16. We were simply not willing to sacrifice customer service, employee satisfaction and safety, each of which is critical to long-term financial success, even though there was a financial cost to our 2021 financial results. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. However, the absence of these words does not mean that the statements are not forward-looking. Summary Results and Highlights. Fully diluted loss per share was $0.31 for the fourth quarter of 2021, a decrease from $0.22 for the third quarter of 2021. Total liquidity, including availability under the credit facility, was $222 million as of March 31, 2022. 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%. We are encouraged by the progress weve made in the first quarter. Announces Timing of Release of Fourth Quarter and Full Year 2022 Financial Results and Conference Call, Liberty Energy Inc. For the first quarter of 2022, revenue increased 16% to $793 million from $684 million in the fourth quarter of 2021. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. 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. Type a symbol or company name. What's Next for Liberty Oilfield Services? When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. The outlook presented herein is subject to change by Liberty without notice and Liberty has no obligation to affirm or update such information, except as required by law. Delayed quotes by Sungard. Liberty Oilfield Services, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $942.62 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 7.76%. In connection with the recognition of a valuation allowance, the Company was also required to remeasure the liability under the tax receivable agreements. 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. Zacks Investment Research, Plus500. This compares to loss of $0.29 per share a year ago. Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. The passcode for the replay is 1068517. Fully diluted loss per share was $1.03 for the year ended December 31, 2021 compared to a loss of $1.36 per share for the year ended December 31, 2020. 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. As the market tightened last fall, our customers recognized that the unfolding recovery would increase the importance of having the highest quality partners able to navigate turbulent times and deliver operational excellence. A live webcast will be available at http://investors.libertyfrac.com. Factors Likely to Affect Procter & Gamble's (PG) Q2 Earnings, : Virgin Galactic confirms space-tourism flights on track for Q2, Earnings Preview: Procter & Gamble (PG) Q2 Earnings Expected to Decline, Tilray Brands (TLRY) Q2 2023 Earnings Call Transcript, Tilray Brands, Inc. (TLRY) Reports Q2 Loss, Misses Revenue Estimates, Registration on or use of this site constitutes acceptance of our. Liberty Energy. 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. 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. The webcast can be accessed for 90 days following the call. Linde (LIN), another stock in the same industry, has yet to report results for the quarter ended September 2022. Click Manage settings for more information and to manage your choices. (Find current average P/E ratios for all sectors below). 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. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. Sales estimates average $3.37 billion, after the previous year saw $ 2.47 billion. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. 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. 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. You can change your choices at any time by visiting your privacy controls. This provider of hydraulic fracturing services is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of +155.2%. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. The replay will be available until February 16, 2022. 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. IR@libertyfrac.com, Internet Explorer presents a security risk. For the last reported quarter, it was expected that Liberty Oilfield Services would post a loss of $0.06 per share when it actually produced earnings of $0.02, delivering a surprise of +133.33%. share because it indicates how much the company earned for its shareholders. 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%. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. We define EBITDA as net income before interest, income taxes, and depreciation, depletion and amortization. Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. This compares to loss of $0.29 per share a. 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? See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. FMC Technologies' revenues are expected to be $1.7 billion, up 1.6% from the year-ago quarter. 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. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. 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. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. These factors are expected to drive higher margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright. North America is well positioned to be the largest provider of additional oil and gas supply that powers the global economy and enables the modern world. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial For the year ended December 31, 2021, and 2020 diluted weighted average common shares outstanding excludes the weighted average shares of Class B common stock (7,052 and 27,427, respectively), restricted shares (0 and 207, respectively) and restricted stock units (3,589 and 2,460, respectively) outstanding during the period. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. This compares to loss of $0.22 per share a year ago. Seven years of subdued global investment in upstream oil and gas production is now colliding with record global demand for natural gas and natural gas liquids today, and likely record global demand for oil later this year. The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. This compares to. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. This compares to . So, the shares are expected to outperform the market in the near future. In the fourth quarter, we estimate integration and transition activities negatively impacted adjusted EBITDA by over $20 million. earnings report. In the first quarter, we expect high single digit sequential revenue growth and strong improvement in our margins as integration costs start to fade away. We, Yahoo, are part of the Yahoo family of brands. Our board of directors, management, investors, and lenders use EBITDA and Adjusted EBITDA to assess our financial performance because it allows them to compare our operating performance on a consistent basis across periods by removing the effects of our capital structure (such as varying levels of interest expense), asset base (such as depreciation, depletion and amortization) and other items that impact the comparability of financial results from period to period. We use cookies to understand how you use our site and to improve your experience. Forward-Looking and Cautionary Statements. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The results are expected to be released on October 27. We enhanced our technological advantages through the acquisition of PropX with wet sand handling and industry-leading last-mile proppant delivery solutions. 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