As of May 6, 2023, Liberty Energy (NYSE:LBRT) has reported its earnings results for the first quarter. The company’s revenue is up by 59.2% compared to the same quarter last year, with net margins at an impressive 12.29%. Liberty Energy’s quarterly revenue beats analysts’ estimates, coming in at $1.26 billion instead of $1.25 billion.
During this period, various hedge funds and institutional investors have modified their holdings of the company as well. Lindbrook Capital LLC and Dark Forest Capital Management LP bought new stakes in LBRT during the fourth quarter, while other companies like Benjamin Edwards Inc., Belpointe Asset Management LLC, and Ellevest Inc. also purchased positions.
Shares opened at $11.80 on Friday with a market cap of $2.07 billion and a P/E ratio of 3.87 along with a P/E/G ratio of 0.57 – promising indicators for potential investors. Although Liberty Energy had a good showing this quarter, their current ratio stands at only 1.42 – below some competitors in the industry – while their quick ratio is slightly better at 1.16.
Furthermore, data from the previous year shows that during the same period last year, LBRT had a negative EPS (-$0.03), which contrasts positively against their current EPS of $0.90 per share for Q1 (beating analysts’ consensus estimates by $0.10). Their return on equity was also impressive at nearly 39%.
In conclusion, Liberty Energy’s performance this year seems to show promise for those interested in investing in energy stocks or wanting to diversify their portfolios into growing industries like renewable energy sources or sustainable energy technologies. As always, it is important to thoroughly research any potential investments and take into consideration external factors such as global economic trends and political instability when making investment decisions.
Atb Cap Markets Releases Q3 2023 Earnings Report for Liberty Energy Inc. (NYSE:LBRT) with a Decrease in Anticipated EPS, but Optimistic Projections for Future Financial Years
Liberty Energy Inc. (NYSE:LBRT) has been a topic of interest for many market researchers lately and especially for the equities researchers at Atb Cap Markets, who have released their Q3 2023 earnings report. According to the estimations made by these analysts, Liberty Energy’s anticipated earnings per share will be $0.85 during the third quarter of 2023. This is a marked decrease from their previous forecast which was at $0.94.
The consensus estimate for Liberty Energy’s current full-year earnings stands at $3.57 per share, which means there is an expectation of increased profits over the course of this year.
Atb Cap Markets have also issued new estimates concerning Liberty Energy’s upcoming financial years. The estimated EPS during Q4 2023 is expected to be around $0.62 while FY2023 earnings are predicted to hit $3.31 per share.
Going further down the line, Atb Cap Markets’ predictions for Q1 and Q2 2024 earnings stand at $0.74 and $0.85 respectively. For the same year’s third quarter, they are predicting another earning figure of $0.85 EPS with Q4 2024 earnings expected to touch base at a lower figure of $0.74 EPS.
Overall FY2024 earnings are targeted to land around $3.18 EPS—figures that would see Liberty Energy remain stable in terms of its profitability as compared to current times.
Finally looking ahead towards FY 2025, Atb Cap Markets’ estimates predict that the company’s earning per share will go up again reaching a high point again as well—$3.58 EPS.
Despite these bullish predictions from financial analysts, recent research reports show that some market experts have taken a more cautious view regarding Liberty Energy’s stock performance such as Morgan Stanley who cut Liberty Energy’s rating last April from “overweight” to “equal weight”. Citigroup also followed suit in January of the same year and cut their target price on Liberty Energy from $19.00 to $17.00, labeling the stocks as “neutral”.
Four market research firms currently place a hold rating on LBRT stock while another four offer a “buy” rating to investors. The consensus rating among market analysts is currently set at “Moderate Buy” with an average price target of $20.17.
Liberty Energy also recently announced that it will be paying out a quarterly dividend which will be paid out this month, on Tuesday, June 20th. The earmarked payout stands at $0.05 per share and investors who were holding shares of the company till last Tuesday will receive this payout.
As for any concerns regarding the distribution of these earnings, the company’s payout ratio is currently sitting at 6.56% representing only a minor percentage of Liberty Energy’s overall profits. While Atb Cap Markets’ predictions are optimistic about Liberty Energy’s future earnings, the overall outlook for its financial stability appears positive despite fluctuations in stock standing among certain sectors within the finance field.