Hydraulic fracturing services company Liberty Energy (NYSE: LBRT) will be reporting results this Wednesday after the bell. Here’s what to look for.

Liberty Energy beat analysts’ revenue expectations last quarter, reporting revenues of $1.02 billion, up 4.5% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates and an impressive 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 5% year on year, a reversal from the 10.1% 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 10.4% during the same time .

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