Earnings Preview: ProFrac Holding Corp. (ACDC) Q3 Earnings Expected to Decline

Company Overview - ProFrac Holding Corp. is expected to report a quarterly loss of $0.14 per share, reflecting a year-over-year decline of 55.6% [3] - Revenues are anticipated to be$ 538.55 million, down 6.2% from the same quarter last year [3] Earnings Expectations - The earnings report is scheduled for November 5, 2024, and could influence stock movement depending on whether the results exceed or fall short of expectations [2] - The consensus EPS estimate has been revised down by 2166.67% over the last 30 days, indicating a significant reassessment by analysts [4] Earnings Surprise Prediction - The Most Accurate Estimate for ProFrac is the same as the Zacks Consensus Estimate, resulting in an Earnings ESP of 0% [10] - The stock currently holds a Zacks Rank of 5 (Strong Sell), complicating predictions of an earnings beat [10][11] Historical Performance - In the last reported quarter, ProFrac was expected to post earnings of $0.14 per share but only achieved$ 0.02, resulting in a surprise of -85.71% [12] - The company has not beaten consensus EPS estimates in any of the last four quarters [13] Industry Context - In the Zacks Alternative Energy - Other industry, Crescent Energy is expected to post earnings of $0.28 per share for the same quarter, indicating a year-over-year change of -20% [17] - Crescent Energy's revenue is projected to be$ 802.14 million, up 24.9% from the previous year [17]