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Monday, October 25, 2021

Liberty Oilfield Services, Inc. (NYSE: LBRT) To Announce $186.56 Million As Post-Quarterly Sales, Suggests Zacks

According to Zacks Investment Research analysts, Liberty Oilfield Services, Inc. (NYSE: LBRT) is expected to announce $186.56 million as sales for the ongoing fiscal quarter.

NYSE: LBRT will reportedly announce its report on the quarterly earnings on Wednesday, 3rd February. Till now, several expert analysts have submitted the earnings of Liberty Oilfield Services, Inc. The lowest estimate stands at $176.50 million sales and the highest is estimated at $198.00 million.

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Compared to last year, the earnings of this year show considerable change. Last year NYSE: LBRT posted its quarterly sales for the corresponding quarter as $397.97 million. This suggests that the firm had a 53.1% negative yearly growth rate.

Liberty Oilfield Services, Inc. (NYSE: LBRT) Stock Analysis

Zacks Investment Research suggests that NYSE: LBRT’s FY2020 sales will stand at $890.09 million. The sales will approximately range from $850.30 – $906.20 million. For the upcoming financial year, expert analysts suggest that the firm’s estimated sales will stand at $1.65 billion with the estimates varying from $981.50 to $2.51 billion.

The quarterly earnings report for the previous quarter was released on the 27th of October. The earnings stood at $0.39 EPS as opposed to the general consensus of $0.42. The company’s return on equity stood at -11.01% along with the net margin of -8.20%. The estimated income for the firm was marked at $127.92 million but it made $147.50 million for the quarter.

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NYSE: LBRT has recently been the subject of a lot of reports by research analysts. Some such B. Riley, Zacks Investment Research, Bank of America and so on among other equities posted reports on this firm over the last few months.

The average consensus rating of Liberty Oilfield Services, Inc. currently stands at “Hold” and the consensus on the target price is $9.05. Several hedge funds have also been involved in buying and selling of NYSE: LBRT shares recently.

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