ProFrac Holding Corp. (ACDC) Q1 Earnings Meet Estimates

Core Viewpoint - ProFrac Holding Corp. reported quarterly earnings of $0.03 per share, aligning with the Zacks Consensus Estimate, but significantly down from$0.91 per share a year ago [1] - The company posted revenues of $581.5 million for the quarter, missing the Zacks Consensus Estimate by 1.04$851.7 million year-over-year [1] Financial Performance - The earnings surprise for the previous quarter was -575%, with an expected earnings of $0.04 per share but resulting in a loss of$0.19 [1] - Over the last four quarters, ProFrac has consistently failed to surpass consensus EPS and revenue estimates [1] Stock Performance - ProFrac shares have declined approximately 2.7% since the beginning of the year, contrasting with the S&P 500's gain of 9.3% [2] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.22 on revenues of$684.88 million, and for the current fiscal year, it is $0.88 on revenues of$2.71 billion [4] - The estimate revisions trend for ProFrac is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [4] Industry Context - The Alternative Energy - Other industry, to which ProFrac belongs, is currently in the top 33% of over 250 Zacks industries, suggesting a favorable industry outlook [5] - The performance of ProFrac's stock may be influenced by the overall industry outlook, as the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [5]