Earnings Preview: ProFrac Holding Corp. (ACDC) Q1 Earnings Expected to Decline

Core Viewpoint - ProFrac Holding Corp. (ACDC) is expected to report a year-over-year decline in earnings and revenues for the quarter ended March 2024, with the consensus outlook indicating a significant drop in performance [1][2]. Financial Expectations - The company is projected to post quarterly earnings of $0.05 per share, reflecting a year-over-year change of -94.5$587.6 million, down 31% from the same quarter last year [2]. Estimate Revisions - The consensus EPS estimate has been revised 8.33% lower over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [2][5]. - The Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -53.33% [5]. Earnings Surprise History - In the last reported quarter, ProFrac was expected to post earnings of $0.04 per share but instead reported a loss of$0.19, resulting in a surprise of -575% [7]. - Over the last four quarters, the company has only beaten consensus EPS estimates once [7]. Predictive Indicators - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a favorable Zacks Rank [4]. - ProFrac currently holds a Zacks Rank of 3, which complicates the prediction of an earnings beat given the negative Earnings ESP [5][6]. Industry Comparison - In contrast, Ormat Technologies (ORA) is expected to post earnings of $0.67 per share for the same quarter, indicating a year-over-year change of +31.4$224.38 million, up 21.1% from the previous year, although it also faces a negative Earnings ESP of -14.29% [9].