Elevance Health, Equifax, Liberty Oilfield Services: Retail Turns Most Bearish On These 3 Stocks

Elevance Health Inc. ($ELV)

Shares of Elevance Health dropped to levels not seen in nearly three years on Thursday after mixed Q3 results. Revenue of $45.11 billion beat estimates of $43.47 billion, but adjusted EPS came in at $8.37, well below the $9.66 expected.

The decline in earnings was linked to Medicaid challenges, with medical membership falling by 1.5 million due to eligibility redeterminations.

Despite pre-market bullishness, retail sentiment on Stocktwits plummeted to ‘extremely bearish’ (4/100) levels.

Equifax, Inc. ($EFX)

Equifax shares were down more than 2% on Thursday after delivering an adjusted EPS beat in Q3, though revenue only matched estimates. The company’s Q4 guidance fell short of expectations, with forecasted adjusted EPS of $2.08-$2.18 versus the consensus of $2.20.

Retail sentiment on Stocktwits dropped to a year-low ‘extremely bearish’ (5/100) level.

Liberty Oilfield Services Inc. ($LBRT)

Liberty Oilfield Services late on Wednesday reported Q3 net income of $73.8 million and revenue of $1.14 billion, meeting forecasts. However, EPS came in at 44 cents, below the consensus of 58 cents, and the company forecasted a double-digit decline in Q4 activity due to uncertainty in energy markets.

Retail sentiment on Stocktwits hit ‘extremely bearish’ (5/100) levels as the stock price fell more than 8% on Thursday.

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