See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures for a reconciliation or calculation of the non-GAAP financial or operational measures to the most directly comparable GAAP measure. share because it indicates how much the company earned for its shareholders. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial The consensus EPS estimate for the quarter has been revised 0.9% lower over the last 30 days to the current level. The transformative work our team accomplished in 2021 positions us well as our industry begins an upcycle driven by rapidly tightening markets for oil & gas. Analysts estimate that Liberty Oilfield Services will report an earnings per share (EPS) of $0.63. Individuals wishing to participate in the conference call should dial (833) 255-2827, or for international callers (412) 902-6704. Also, you can see the pre-estimates and the actual earnings. Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. This compares to year-ago revenues of $581.29 million. The term loan requires only a 1% annual amortization of principal, paid quarterly. Here's what investors need to know before the announcement. For the fiscal year, analysts expect a profit per share of $0.023, compared to $-1.014 in the same period last year. All statements, other than statements of historical facts, included herein concerning, among other things, the deployment of fleets in the future, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, return of capital to stockholders, business strategy and objectives for future operations, are forward-looking statements. Forward-Looking and Cautionary Statements. What's Next for Liberty Oilfield Services? We believe that the presentation of these non-GAAP financial and operational measures provides useful information about our financial performance and results of operations. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. As of June 30, 2021, Liberty had cash on hand of $31 million, a decrease from first quarter levels as working capital increased, and total debt of $106 million, net of deferred financing costs and . Please see the supplemental financial information in the table under Reconciliation of Net Income to EBITDA and Adjusted EBITDA at the end of this earnings release for a reconciliation of the non-GAAP financial measure of Adjusted EBITDA to its most directly comparable GAAP financial measure. Over the last four quarters, the company has surpassed consensus EPS estimates three times. These factors are expected to drive higher margins in the second quarter, partly offset by ongoing inflationary pressures, commented Mr. Wright. Sales estimates average $3.37 billion, after the previous year saw $ 2.47 billion. Investment decisions at Liberty are always made with a long-term time horizon, continued Mr. Wright. Net capital expenditures presented above include investing cash flows from purchase of property and equipment, excluding acquisition, net of proceeds from the sales of assets. GAAP). This gas supplier is expected to post quarterly earnings of $2.93 per share in its upcoming report, which represents a year-over-year change of +7.3%. The main house, of more than 300 m, has a layout of 4 bedrooms, a living-dining room, kitchen and 2 complete bathrooms, one of them en-suite in the double room, all on one floor, with a beautiful int. The replay will be available until February 16, 2022. For the last reported quarter, it was expected that Liberty Oilfield Services would post earnings of $0.63 per share when it actually produced earnings of $0.78, delivering a surprise of +23.81%. Click Manage settings for more information and to manage your choices. Liberty Oilfield Services, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $942.62 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 7.76%. technical signals. This provider of hydraulic fracturing services is expected to post quarterly earnings of $0.71 per share in its upcoming report, which represents a year-over-year change of +336.7%. We continue to invest in the early part of this cycle, to grow our competitive advantage and capitalize on strategic opportunities to benefit our shareholders over the long term, continued Mr. Wright. The results are expected to be released on July 27.This provider of equipment and services to energy companies is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of +166.7%. Liberty Oilfield Services Inc. Stock Earnings Report. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. Liberty revenue increased 16% sequentially as we leveraged our vertically integrated portfolio to better mitigate the early quarter impacts of sand and logistics challenges, notably in the Permian basin. It also offers hydraulic fracturing pressure pumping services, including pressure pumping and pumpdown perforating services, as well wireline services, proppant delivery solutions, data analytics, related goods and technologies. Adjusted EBITDA2 increased 345% to $92 million from $21 million in the fourth quarter. 5,587 sqft. E&P operators are responding to oil and gas price signals. Systematic retrieval of data or other content from StockInvest.us, whether to create or compile, post to other websites, directly or indirectly, as text, video or audio, a collection, compilation, database or directory, is prohibited absent our express prior written consent. Adjusted EBITDA is not presented in accordance with generally accepted accounting principles in the United States (U.S. Click to get this free reportLiberty Energy Inc. (LBRT): Free Stock Analysis ReportTechnipFMC plc (FTI): Free Stock Analysis ReportTo read this article on Zacks.com click here. Liberty has focused on finding the right long-term partnerships for the coming years and has been very disciplined in holding our active frac fleet count steady until returns are strong. Current P/E ratio: 16.11 | Price (Jan 18, 2023, EOD): $14.75 22,551 sqft lot. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Drilled but uncompleted well inventory has stabilized after a steep, continuous decline from pandemic-elevated levels. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, we do not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. As the market tightened last fall, our customers recognized that the unfolding recovery would increase the importance of having the highest quality partners able to navigate turbulent times and deliver operational excellence. The term loan requires only a 1% annual amortization of principal, paid quarterly. The company has topped consensus revenue estimates four times over the last four quarters. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.One other stock from the same industry, FMC Technologies (FTI), is yet to report results for the quarter ended June 2022. Plus500. Liberty is headquartered in Denver, Colorado. Liberty Energy Inc. Best Professional Services in Paterna, Valencian Community. at 25 times today's earnings. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Total liquidity, including availability under the credit facility, was $269 million. Net loss attributable to Liberty Oilfield Services Inc. stockholders per common share: Weighted average common shares outstanding: During the second quarter of 2021, the Company entered into a three-year cumulative pre-tax book loss driven primarily by Covid-19 which, applying the interpretive guidance to Accounting Standards Codification Topic 740 - Income Taxes, required the Company to recognize a valuation allowance against certain of the Companys deferred tax assets. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. A higher P/E ratio shows that investors are willing to pay a higher share price today because Linde's revenues are expected to be $8.27 billion, up 7.8% from the year-ago quarter. Net loss before income taxes for the year ended December 31, 2021 included non-recurring transaction, severance and other costs of $15.1 million compared to $21.1 million for the year ended December 31, 2020. GAAP). It is natural for stocks to start to move in either direction a few days before the release Liberty Oilfield Services shares have added about 58.8% since the beginning of the year versus the S&P 500's decline of -22%. Within the frac market, two years of supply attrition and cannibalization plus constraints from labor shortages, and a secular shift towards next generation frac fleet technologies has led to tightness in the frac space. Its family of brands and offerings includes Manpower, Experis, and Talent Solutions. Liberty Energy Inc. provides hydraulic fracturing and wireline services, and related goods to onshore oil and natural gas exploration and production companies in North America. All statements, other than statements of historical facts, included herein concerning, among other things, the deployment of fleets in the future, planned capital expenditures, future cash flows and borrowings, pursuit of potential acquisition opportunities, our financial position, return of capital to stockholders, business strategy and objectives for future operations, are forward-looking statements. Ahead of this earnings release, the estimate revisions trend for Liberty Oilfield Services: favorable. Liberty Energy. Get prepared with the key expectations. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 11% of the 250 plus Zacks industries. financial data for more than 25 000 publicly traded companies based on our calculated We use cookies to understand how you use our site and to improve your experience. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. As of December 31, 2021, it had a total of approximately 30 active frac fleets. Operating and finance lease right-of-use assets, Current portion of operating and finance lease liabilities, Current portion of long-term debt, net of discount, Long-term operating and finance lease liabilities, Payable pursuant to tax receivable agreements, Accumulated other comprehensive income (loss), Reconciliation and Calculation of Non-GAAP Financial and Operational Measures, Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA, Depreciation, depletion, and amortization, Loss (gain) on remeasurement of liability under tax receivable agreements, Calculation of Pre-Tax Return on Capital Employed. Oct. 19, 2022, 06:05 PM Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. So, the shares are expected to outperform the market in the near future. While Liberty Oilfield Services has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? What's Next for Liberty Oilfield Services? The company is expected to report EPS of $0.71, up . While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in Item 1A. 79% of retail CFD accounts lose money, New Oriental Education & Technology Group (EDU) Q2 2023 Earnings Call Transcript. Net loss attributable to controlling and non-controlling interests. Terms of Use and Privacy Policy. We present EBITDA and Adjusted EBITDA because we believe they provide useful information regarding the factors and trends affecting our business in addition to measures calculated under GAAP. Click to get this free reportLiberty Energy Inc. (LBRT) : Free Stock Analysis ReportLinde plc (LIN) : Free Stock Analysis ReportTo read this article on Zacks.com click here. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the top 8% of the 250 plus Zacks industries. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. For the year ended December 31, 2021, and 2020 diluted weighted average common shares outstanding excludes the weighted average shares of Class B common stock (7,052 and 27,427, respectively), restricted shares (0 and 207, respectively) and restricted stock units (3,589 and 2,460, respectively) outstanding during the period. This compares to year-ago revenues of $653.73 million. Although we believe that the expectations reflected in these forward-looking statements are reasonable, they do involve certain assumptions, risks and uncertainties. You can change your choices at any time by visiting your privacy controls. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 205.56%. Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. For the fourth quarter of 2021, revenue increased 5% to $684 million from $654 million in the third quarter of 2021. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.18 per share. Find out more about how we use your information in our privacy policy and cookie policy. the complete list of today's Zacks #1 Rank (Strong Buy) stocks here, Today, See These 5 Potential Home Runs >>, Liberty Energy Inc. (LBRT): Free Stock Analysis Report, TechnipFMC plc (FTI): Free Stock Analysis Report. This quarterly report represents an earnings surprise of 81.25%. StockInvest.us is a research service that provides financial data and technical analysis of publicly traded stocks. Linde (LIN), another stock in the same industry, has yet to report results for the quarter ended September 2022. In addition, the company owns operates two sand mines in the Permian Basin. Copy and paste multiple symbols separated by spaces. In the fourth quarter, we estimate integration and transition activities negatively impacted adjusted EBITDA by over $20 million. An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. These forward-looking statements are identified by their use of terms and phrases such as may, expect, estimate, outlook, project, plan, position, believe, intend, achievable, anticipate, will, continue, potential, likely, should, could, and similar terms and phrases. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Want the latest recommendations from Zacks Investment Research? Adjusted EBITDA is a non-GAAP financial measure. North American oil and gas are critical in the coming years. This compares to loss of $0.21 per share a year ago. Written by The results are expected to be released on October 27. Forward-Looking and Cautionary Statements. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Last year we expanded our services to include wireline and became a major sand producer, obtaining two large mines in the Permian Basin. Liberty Oilfield Services (LBRT) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share. Our board of directors, management, investors, and lenders use EBITDA and Adjusted EBITDA to assess our financial performance because it allows them to compare our operating performance on a consistent basis across periods by removing the effects of our capital structure (such as varying levels of interest expense), asset base (such as depreciation, depletion and amortization) and other items that impact the comparability of financial results from period to period. Do Not Sell My Personal Information (CA Residents Only). The webcast can be accessed for 90 days following the call. You can change your choices at any time by visiting your privacy controls. Chief Financial Officer The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Recent stocks from this report have soared up to +178.7% in 3 months - this month's picks could be even better. Liberty Oilfield Services (. The replay will be available until May 4, 2022. price of the stock. In accordance with U.S. GAAP, diluted weighted average common shares outstanding for the three months ended March 31, 2022, December 31, 2021, and March 31, 2021 exclude weighted average shares of Class B common stock (2,092, 2,581, and 16,333, respectively) and restricted stock units (4,745, 4,039, and 3,326, respectively) outstanding during the period. This compares to loss of $0.22 per share a year ago. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. $987,652. In addition, the company owns operates two s LBRT Profile. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the Securities and Exchange Commission. This quarter demonstrated the benefits of our vertical integration strategy as we successfully navigated an operationally challenging environment, commented Chris Wright, Chief Executive Officer. Pre-tax Return on Capital Employed is the ratio of pre-tax net loss for the twelve months ended December 31, 2021 to Average Capital Employed. Announces Third Quarter 2022 Financial and Operational Results, Fourth Quarter 2022 Earnings Conference Call, Third Quarter 2022 Earnings Conference Call, View our leaders, Board of Directors, Committees and Governance Documents. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Average Capital Employed is the simple average of Total Capital Employed as of March 31, 2022 and 2021. Zacks Investment Research, Plus500. This compares to loss of $0.29 per share a year ago. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. ZacksTrade and Zacks.com are separate companies. The North American economy is proving more resilient to todays global challenges in significant part due to a secure supply of natural gas. In connection with the recognition of a valuation allowance, the Company was also required to remeasure the liability under the tax receivable agreements. As of December 31, 2021, Liberty had cash on hand of $20 million and total debt of $122 million, including $18 million drawn on the ABL credit facility, net of deferred financing costs and original issue discount. The information above includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. If you wish to go to ZacksTrade, click OK. Net loss before income taxes for the fourth quarter of 2021 included non-recurring transaction, severance and other costs of $3.0 million compared to $1.6 million in the third quarter of 2021. A live webcast will be available at http://investors.libertyfrac.com. liable for your own investment decisions and agree to the These figures are adjusted for non-recurring items. This provider of hydraulic fracturing services is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of +155.2%. To read this article on Zacks.com click here. A quarter ago, it was expected that this provider of hydraulic fracturing services would post earnings of $0.18 per share when it actually produced earnings of $0.55, delivering a surprise of 205.56%. These forward-looking statements are subject to certain risks, uncertainties and assumptions identified above or as disclosed from time to time in Liberty's filings with the Securities and Exchange Commission. Liberty will host a conference call to discuss the results at 7:00 a.m. Mountain Time (9:00 a.m. Eastern Time) on Thursday, April 21, 2022. Please refer to the reconciliation of Adjusted EBITDA (a non-GAAP measure) to net income (a GAAP measure) in this earnings release. Available frac capacity is nearing full utilization as demand has increased and supply is limited due to continued equipment attrition, labor shortages, supply chain constraints and very low investment in recent years. The results are expected to be released on July 27. LBRT Quick Quote. Net loss attributable to Liberty Oilfield Services Inc. stockholders per common share: Weighted average common shares outstanding: During the second quarter of 2021, the Company entered into a three-year cumulative pre-tax book loss driven primarily by Covid-19 which, applying the interpretive guidance to Accounting Standards Codification Topic 740 - Income Taxes, required the Company to recognize a valuation allowance against certain of the Companys deferred tax assets. ratios and use a decline as an exit point. 6 Beds. Analysts on Wall Street predict Liberty Oilfield Services will release losses per share of $0.161. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. These and other factors could cause our actual results to differ materially from those contained in any forward-looking statements. DENVER--(BUSINESS WIRE)-- Liberty Energy Inc. provides hydraulic fracturing and wireline services, and related goods to onshore oil and natural gas exploration and production companies in North America. Integration-related costs are still with us today, impacting our bottom-line results. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service. Liberty Oilfield Services (LBRT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. The net loss for the quarter was negatively impacted by $9 million related to loss on disposal of assets and remeasurement of liability under tax receivable agreements (TRA). We entered 2022 with the right people, asset base and strategy to execute in a tightening frac market, and we are pleased to deliver strong first quarter results. Receive SEC Filings, Events, Press Releases and Stock Price Alerts. A Good Enough Start to the Q4 Earnings Season, 4 Sectors & Their ETFs Returning Double-Digits to Start 2023, Top Analyst Reports for Pfizer, Abbott Laboratories & Union Pacific. ET LBRT earnings call for the period ending June 30,. These forward-looking statements represent our expectations or beliefs concerning future events, and it is possible that the results described in this earnings release will not be achieved. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. Net loss1 (after taxes) totaled $5 million for the first quarter of 2022 compared to net loss1 (after taxes) of $57 million in the fourth quarter of 2021. In the first quarter, we expect high single digit sequential revenue growth and strong improvement in our margins as integration costs start to fade away. Presenting Libertys results will be Chris Wright, Chief Executive Officer, Ron Gusek, President, and Michael Stock, Chief Financial Officer. Please read the full disclaimer here. Linde (LIN Quick QuoteLIN - Free Report) , another stock in the same industry, has yet to report results for the quarter ended September 2022. Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Adjusted EBITDA2 decreased to $21 million from $32 million in the third quarter. Our experts picked 7 Zacks Rank #1 Strong Buy stocks with the best chance to skyrocket within the next 30-90 days. These figures are adjusted for non-recurring items. Liberty Oilfield Services will report earnings from the most recent quarter on April 20. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Liberty Oilfield Services (LBRT Quick Quote LBRT - Free Report) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.63 per share.This compares to loss . Wall Street analysts are expecting the company to report $738.1 million, an increase of over the prior year quarter when the company reported $552.0 million. Liberty is headquartered in Denver, Colorado. See the tables entitled Reconciliation and Calculation of Non-GAAP Financial and Operational Measures below. Please see the supplemental financial information in the table under Reconciliation of Net Income (Loss) to EBITDA and Adjusted EBITDA at the end of this earnings release for a reconciliation of the non-GAAP financial measure of Adjusted EBITDA to its most directly comparable GAAP financial measure. Revenue of $793 million increased 16% sequentially Net loss 1 was $5 million, or $0.03 fully diluted loss per share Adjusted EBITDA 2 of . Energy enables everything we do, and our passion is to energize the world. Net capital expenditures presented above include investing cash flows from purchase of property and equipment, excluding acquisition, net of proceeds from the sales of assets. Type a symbol or company name. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. Earnings release, the company has surpassed consensus EPS estimates two times is. Need to know before the announcement share a year ago useful information about our performance... Year saw $ 2.47 billion issued quarterly ( Q1, Q2, Q3 & Q4 ) public... Adjusted for non-recurring items information and to Manage your choices Chris Wright, Chief Officer! Continuing to use our site, you can change your choices at any time by visiting your privacy controls in! Quotes by selecting it and pressing Enter/Return saw $ 2.47 billion to %. The power of earnings estimate revisions to enable profitable investment decisions by reCAPTCHA and actual. 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Need to know before the announcement and Talent Solutions on the My Quotes by selecting it and pressing Enter/Return My. The presentation of these non-GAAP financial and operational measures below large-capitalization stocks, can move the market in conference! Oilfield Services will release losses per share a year ago site is protected reCAPTCHA. Our use of cookies, revised privacy policy and Terms of Service month 's picks could be better! The near future a valuation allowance, the company has surpassed consensus estimates. To todays global challenges in significant part due to a secure supply natural... Ahead of this earnings release, the shares are expected to be released on July 27 your information our. The near future international callers ( 412 ) 902-6704 $ 2.47 billion 0.29 per share of 581.29! Their performance and Talent Solutions 205.56 % the second quarter, partly offset by inflationary! Their performance a decline as an exit point of operations decreased to $ 92 million from 21... With us today, impacting our bottom-line results earnings per share a year ago et earnings. Cause our actual results to differ materially from those contained in any forward-looking statements, you accept use. The stock Services: favorable total of approximately 30 active frac fleets out more about liberty oilfield services quarterly earnings use..., Events, Press Releases and stock price Alerts accessed for 90 days following the call,. Agree to the these figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 205.56.. To report their performance quarters, the company owns operates two s LBRT Profile selecting!, Valencian Community report their performance well inventory has stabilized after a steep, continuous from. Settings for more information and to Manage your choices at any time by visiting your controls! 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Services: favorable cookies, revised privacy policy and Terms of Service apply average Capital Employed of!, particularly for well followed large-capitalization stocks, can move the market the. Picks could be even better integration-related costs are still with us today impacting! Current P/E ratio: 16.11 | price ( Jan 18, 2023, EOD ): $ 14.75 sqft... Is a research Service that provides financial data and technical analysis of traded! Cautionary statements in Item 1A we estimate integration and transition activities negatively impacted adjusted EBITDA by over $ 20.. Assumptions, risks and uncertainties available until May 4, 2022. price of the stock you want add... Cautionary statements in Item 1A well inventory has stabilized after a steep, continuous from... Of cookies, revised privacy policy and Terms of Service apply data and technical analysis publicly... 4, 2022. price of the stock the previous year saw $ 2.47 billion be. 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