Liberty Energy Q2 2024 Adj. EPS $0.61, Inline, Sales $1.159B Miss $1.164B Estimate
Portfolio Pulse from Benzinga Newsdesk
Liberty Energy (NYSE:LBRT) reported Q2 2024 earnings per share of $0.61, meeting analyst expectations but showing a 29.89% decrease from the previous year. Sales were $1.159 billion, slightly missing the $1.164 billion estimate and down 3.01% from last year.
July 17, 2024 | 8:49 pm
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Liberty Energy's Q2 2024 earnings per share of $0.61 met analyst expectations but showed a significant year-over-year decline of 29.89%. Sales of $1.159 billion missed estimates by 0.39% and were down 3.01% from the previous year.
The earnings per share met expectations, which is neutral, but the significant year-over-year decline in EPS and the slight miss in sales estimates are likely to have a negative short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100