Liberty Energy -Liberty Oilfield Services (LBRT) Misses Q3 Earnings and Revenue Estimates

Company Performance - Liberty Oilfield Services reported quarterly earnings of $0.45 per share, missing the Zacks Consensus Estimate of$ 0.55 per share, and down from $0.85 per share a year ago [1] - The company posted revenues of$ 1.14 billion for the quarter, missing the Zacks Consensus Estimate by 0.24%, and down from $1.22 billion year-over-year [3] - The earnings surprise for the quarter was -18.18%, and the company has only surpassed consensus EPS estimates once in the last four quarters [2] Market Comparison - Liberty Oilfield Services shares have increased by approximately 9.2% since the beginning of the year, while the S&P 500 has gained 21.9% [4] - The current Zacks Rank for Liberty Oilfield Services is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.43 on revenues of $1.06 billion, and for the current fiscal year, it is$ 2.03 on revenues of $4.43 billion [8] - The outlook for the industry, specifically the Oil and Gas - Field Services sector, is currently in the bottom 29% of Zacks industries, which may impact stock performance [9]