Liberty Energy Q2 EPS $0.87 Misses $0.90 Estimate, Sales $1.20B Miss $1.27B Estimate
Portfolio Pulse from vinayak@benzinga.com
Liberty Energy (NYSE:LBRT) reported Q2 earnings of $0.87 per share, missing the analyst consensus estimate of $0.90 by 3.33%. The company also reported quarterly sales of $1.20 billion, missing the analyst consensus estimate of $1.27 billion by 5.91%. Despite the misses, both earnings and sales show significant increases compared to the same period last year.
July 19, 2023 | 8:34 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Liberty Energy's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock in the short term. However, the YoY increases in both metrics may mitigate this impact.
Liberty Energy's Q2 earnings and sales missed analyst estimates, which is typically a negative signal for the stock. However, the significant YoY increases in both earnings and sales may be seen as a positive sign by some investors, potentially mitigating the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100