Liberty Energy Third Quarter 2024 Earnings: EPS Misses Expectations

Liberty Energy (NYSE:LBRT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$1.14b (down 6.4% from 3Q 2023).
• Net income: US$73.8m (down 50% from 3Q 2023).
• Profit margin: 6.5% (down from 12% in 3Q 2023).
• EPS: US$0.45 (down from US$0.88 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Liberty Energy EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 6.6% growth forecast for the Energy Services industry in the US.

Performance of the American Energy Services industry.

The company's shares are down 9.4% from a week ago.

Valuation

Our analysis of Liberty Energy based on 6 different valuation metrics shows it might be undervalued. Click here to view our comprehensive analysis and gain insights into the stock's investment prospects.

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