Hydraulic fracturing services company Liberty Energy (NYSE: LBRT) will be reporting earnings this Wednesday after market close. Here’s what you need to know.

Liberty Energy beat analysts’ revenue expectations last quarter, reporting revenues of $1.19 billion, up 14% year on year. It was a strong quarter for the company, with EPS in line with analysts’ estimates and a narrow beat of analysts’ EBITDA estimates.

Is Liberty Energy a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Liberty Energy’s revenue to grow 24.3% year on year, a reversal from the 16.8% decrease it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Liberty Energy has missed Wall Street’s revenue estimates multiple times over the last two years.

With Liberty Energy being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unfold for upstream & integrated stocks. However, investors in the segment have had steady hands going into earnings, with share prices flat over the last month. Liberty Energy is down 12.2% during the same time .

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