Liberty Energy Q1 EPS $0.48 Misses $0.54 Estimate, Sales $1.07B Miss $1.08B Estimate
Portfolio Pulse from Benzinga Newsdesk
Liberty Energy (NYSE:LBRT) reported Q1 earnings of $0.48 per share, missing the consensus estimate of $0.54, and a 46.67% decrease from last year's $0.90. Sales were $1.07B, missing the $1.08B estimate and marking a 14.98% decrease from the previous year.
April 17, 2024 | 8:32 pm
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NEGATIVE IMPACT
Liberty Energy's Q1 earnings and sales missed estimates, with a significant decrease compared to last year.
Missing both earnings and sales estimates, especially with such a significant year-over-year decline, is likely to negatively impact investor sentiment and could lead to a short-term decrease in LBRT's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100