Liberty Energy Q3 Adj $0.45 Misses $0.58 Estimate, Sales $1.14B Miss $1.15B Estimate
Portfolio Pulse from Benzinga Newsdesk
Liberty Energy reported Q3 earnings of $0.45 per share, missing the $0.58 estimate, and sales of $1.14 billion, slightly below the $1.15 billion estimate. Both earnings and sales decreased compared to the same period last year.
October 16, 2024 | 8:49 pm
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Liberty Energy's Q3 earnings and sales both missed analyst estimates, with earnings per share at $0.45 versus the expected $0.58, and sales at $1.14 billion versus the expected $1.15 billion. Both figures also decreased compared to the previous year.
The earnings per share and sales figures both missed analyst expectations, which is likely to negatively impact the stock price in the short term. The significant decrease in earnings compared to the previous year further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100