Liberty Oilfield Services Inc. (NYSE:LBRT) is expected to report second quarter earnings results, after market close, on Tuesday 28th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter loss of $ 0.44 per share from revenue of $ 98.77 million.
Looking ahead, the full year loss are expected at $ 1.14 per share on the revenues of $ 855.65 million.
Previous Quarter Performance
Liberty Oilfield Services Inc. communicated income for the first quarter of $ 0.02 per share, from the revenue of $ 472.34 million. The quarterly earnings down 93.55 percent while revenues down 4.89 percent compared with the same quarter last year.
According to street consensus, LBRT was expected to report 1Q20 loss of $ 0.05 per share from revenue of $ 425.58 million. The bottom line results beat street analysts by $ 0.07 or 140.00 percent, at the same time, top line results outshined analysts by $ 46.76 million or 10.99 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of LBRT was $ 6.71, representing a 209.22 % increase from the 52 week low of $ 2.17 and a 53.72 % decrease over the 52 week high of $ 14.50.
The company has a market capital of $ 757.79 million and is part of the Energy sector and Oil & Gas Equipment & Services industry.
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Recent Analyst recommendations
- On 8th July 2020, maintained by Morgan Stanley at Overweight rating, with $ 6.50 target price.
Liberty Oilfield Services Inc. provides hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. The company offers its services primarily in the Permian Basin, the Eagle Ford Shale, the Denver-Julesburg Basin, the Williston Basin, and the Powder River Basin.
