Wall Street brokerages predict that Liquidity Services, Inc. (NASDAQ:LQDT) will report earnings of ($0.06) per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Liquidity Services’ earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.09). Liquidity Services reported earnings of ($0.14) per share in the same quarter last year, which indicates a positive year-over-year growth rate of 57.1%. The business is scheduled to report its next quarterly earnings report on Thursday, December 5th.

According to Zacks, analysts expect that Liquidity Services will report full year earnings of ($0.23) per share for the current financial year, with EPS estimates ranging from ($0.26) to ($0.19). For the next financial year, analysts expect that the firm will post earnings of ($0.08) per share, with EPS estimates ranging from ($0.15) to $0.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Liquidity Services.

Liquidity Services (NASDAQ:LQDT) last posted its earnings results on Thursday, August 1st. The business services provider reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. Liquidity Services had a negative net margin of 6.84% and a negative return on equity of 8.11%. The firm had revenue of $56.88 million during the quarter, compared to analysts’ expectations of $52.17 million.

Several research firms have commented on LQDT. Zacks Investment Research cut shares of Liquidity Services from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Barrington Research restated a “buy” rating and issued a $10.00 target price on shares of Liquidity Services in a research report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $8.38.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC purchased a new stake in shares of Liquidity Services in the 2nd quarter valued at approximately $123,000. D. E. Shaw & Co. Inc. increased its stake in shares of Liquidity Services by 10.6% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 25,018 shares of the business services provider’s stock worth $152,000 after purchasing an additional 2,402 shares during the last quarter. Morgan Stanley increased its stake in shares of Liquidity Services by 30.5% during the 2nd quarter. Morgan Stanley now owns 128,067 shares of the business services provider’s stock worth $780,000 after purchasing an additional 29,960 shares during the last quarter. Invesco Ltd. grew its stake in Liquidity Services by 0.8% in the 2nd quarter. Invesco Ltd. now owns 328,303 shares of the business services provider’s stock valued at $1,999,000 after buying an additional 2,673 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Liquidity Services by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,683,370 shares of the business services provider’s stock valued at $10,252,000 after buying an additional 19,503 shares during the last quarter. Hedge funds and other institutional investors own 67.21% of the company’s stock.

NASDAQ LQDT traded down $0.15 on Thursday, hitting $6.39. The stock had a trading volume of 84,607 shares, compared to its average volume of 112,884. Liquidity Services has a one year low of $5.17 and a one year high of $9.16. The stock has a market cap of $229.16 million, a PE ratio of -12.78 and a beta of 1.18. The firm’s 50-day simple moving average is $6.34.

Liquidity Services Company Profile

Liquidity Services, Inc provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment offering approximately 500 product categories. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govdeals.com that enables local and state government entities, including city, county, and state agencies to sell surplus and salvage assets, as well as offers a suite of services that includes asset sales and marketing, and seller self-service; and auctiondeals.com, a self-service solution, which enable sellers list their own assets, and enable commercial businesses to sell surplus and salvage assets.

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Earnings History and Estimates for Liquidity Services (NASDAQ:LQDT)

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