Results: Liberty Energy Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Results: Liberty Energy Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
Liberty Energy Inc. (NYSE:LBRT) came out with its second-quarter results last week, and we wanted to see how the business is performing and what industry forecasters think of the company following this report. Liberty Energy reported US$1.2b in revenue, roughly in line with analyst forecasts, although statutory earnings per share (EPS) of US$0.64 beat expectations, being 6.5% higher than what the analysts expected. This is an important time for investors, as they can track a company's performance in its report, look at what experts are forecasting for next year, and see if there has been any change to expectations for the business. We thought readers would find it interesting to see the analysts latest (statutory) post-earnings forecasts for next year.
Liberty Energy Inc. (紐交所:LBRT) 上週發佈了第二季度業績報告,我們想了解公司的業績表現以及行業預測師對該公司的看法。Liberty Energy營業收入達到12億美元,基本與分析師預測相符,儘管每股收益(EPS)爲0.64美元,超出預期,比分析師預測高6.5%。對投資者來說,這是重要的時刻,他們可以在報告中跟蹤公司的表現,查看專家對明年的預測,並查看業務的預期是否有任何變化。我們認爲讀者會發現分析師對明年的最新(基本)盈利預測很有趣。
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Taking into account the latest results, Liberty Energy's 14 analysts currently expect revenues in 2024 to be US$4.46b, approximately in line with the last 12 months. Statutory earnings per share are forecast to decline 15% to US$2.21 in the same period. In the lead-up to this report, the analysts had been modelling revenues of US$4.61b and earnings per share (EPS) of US$2.43 in 2024. The analysts are less bullish than they were before these results, given the reduced revenue forecasts and the small dip in earnings per share expectations.
考慮到最新業績,14位分析師預計Liberty Energy在2024年的營收將達到446億美元,與過去12個月持平。基本每股收益預計將在同一時期下降15%,降至2.21美元。在此報告之前,分析師曾預測2024年的營收爲461億美元,每股收益爲2.43美元。考慮到減少的營收預測和基本每股收益預期的小幅下跌,分析師比之前更少看好。
The analysts made no major changes to their price target of US$24.90, suggesting the downgrades are not expected to have a long-term impact on Liberty Energy's valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. Currently, the most bullish analyst values Liberty Energy at US$28.00 per share, while the most bearish prices it at US$18.00. This shows there is still a bit of diversity in estimates, but analysts don't appear to be totally split on the stock as though it might be a success or failure situation.
分析師對24.90美元的價格目標沒有做出重大改變,表明下調預期對Liberty Energy的估值沒有長期影響。然而,除此之外,我們還可以從這些數據中得出其他結論,因爲一些投資者在評估分析師的價格目標時也喜歡考慮預估價差。目前,最看好的分析師認爲Liberty Energy每股價值爲28.00美元,而最看淡的認爲每股價格爲18.00美元。這顯示出預估仍然存在一定的差異,但分析師似乎沒有對這隻股票產生完全的分歧,認爲它可能成功也可能失敗。
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that revenue is expected to reverse, with a forecast 2.9% annualised decline to the end of 2024. That is a notable change from historical growth of 27% over the last five years. By contrast, our data suggests that other companies (with analyst coverage) in the same industry are forecast to see their revenue grow 7.5% annually for the foreseeable future. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Liberty Energy is expected to lag the wider industry.
獲得更多上下文了解這些預測的一種方法是查看它們與過去表現以及同行業其他公司的表現相比。我們將強調,預計收入將出現逆轉,預計在2024年底年化下降2.9%。 這是與過去五年的歷史增長27%相比的明顯變化。相比之下,我們的數據表明,同行業其他公司(具有分析師報告)預計未來幾年營收將年均增長7.5%。 因此,儘管其收入預計會縮水,但這片雲彩並沒有銀邊 - Liberty Energy預計將落後整個行業板塊。
The Bottom Line
最重要的事情是分析師增加了它對下一年每股虧損的估計。令人欣慰的是,營收預測未發生重大變化,業務仍有望比整個行業增長更快。共識價格目標穩定在28.50美元,最新估計不足以對價格目標產生影響。
The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Unfortunately, they also downgraded their revenue estimates, and our data indicates underperformance compared to the wider industry. Even so, earnings per share are more important to the intrinsic value of the business. The consensus price target held steady at US$24.90, with the latest estimates not enough to have an impact on their price targets.
最重要的是,分析師下調了每股盈利預期,這表明隨着業績下滑,市場情緒有所下降。不幸的是,他們還下調了其收入預測,我們的數據顯示Liberty Energy表現不如整個行業。即便如此,每股收益對於公司的內在價值更爲重要。一致的價格目標保持在24.90美元,最新預估不足以對價格目標產生影響。
With that in mind, we wouldn't be too quick to come to a conclusion on Liberty Energy. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple Liberty Energy analysts - going out to 2026, and you can see them free on our platform here.
考慮到這一點,我們不應該過快地對Liberty Energy做出結論。長期收益能力比明年的利潤更重要。我們從多個Liberty Energy分析師的預測中得出了截至2026年的預測,您可以在這裏免費查看它們。
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Liberty Energy (1 doesn't sit too well with us) you should be aware of.
不要忘記還可能存在風險。例如,我們已經發現了Liberty Energy的2個警告信號(其中1個對我們來說不太合適),您應該注意。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。