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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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:LBRT
Liberty Energy
Provides hydraulic services and related technologies to onshore oil and natural gas exploration, and production companies in North America.