In the latest trading session, Liberty Oilfield Services (LBRT) closed at $12.68, marking a -0.94% move from the previous day. This move was narrower than the S&P 500's daily loss of 2.11%. Meanwhile, the Dow lost 1.54%, and the Nasdaq, a tech-heavy index, lost 0.3%.Prior to today's trading, shares of the provider of hydraulic fracturing services had lost 14.67% over the past month. This has lagged the Oils-Energy sector's loss of 11.61% and the S&P 500's loss of 8.19% in that time.Wall Street will be looking for positivity from Liberty Oilfield Services as it approaches its next earnings report date. This is expected to be October 19, 2022. On that day, Liberty Oilfield Services is projected to report earnings of $0.64 per share, which would represent year-over-year growth of 390.91%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.04 billion, up 59.8% from the year-ago period.For the full year, our Zacks Consensus Estimates are projecting earnings of $1.81 per share and revenue of $3.83 billion, which would represent changes of +277.45% and +54.83%, respectively, from the prior year.It is also important to note the recent changes to analyst estimates for Liberty Oilfield Services. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Liberty Oilfield Services is currently a Zacks Rank #1 (Strong Buy).In terms of valuation, Liberty Oilfield Services is currently trading at a Forward P/E ratio of 7.07. This valuation marks a discount compared to its industry's average Forward P/E of 16.6.The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 18, which puts it in the top 8% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com. FREE Report: The Metaverse is Exploding! Don’t You Want to Cash In? Rising gas prices. The war in Ukraine. America's recession. Inflation. It's no wonder why the metaverse is so popular and growing every day. Becoming Spider Man and fighting Darth Vader is infinitely more appealing than spending over $5 per gallon at the pump. And that appeal is why the metaverse can provide such massive gains for investors. But do you know where to look? Do you know which metaverse stocks to buy and which to avoid? In a new FREE report from Zacks' leading stock specialist, we reveal how you could profit from the internet’s next evolution. Even though the popularity of the metaverse is spreading like wildfire, investors like you can still get in on the ground floor and cash in. Don't miss your chance to get your piece of this innovative $30 trillion opportunity - FREE.>>Yes, I want to know the top metaverse stocks for 2022>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Liberty Energy Inc. (LBRT): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research