Liquidity Services (LQDT) Releases Earnings Results, Misses Estimates By $0.07 EPS
Liquidity Services (NASDAQ:LQDT) issued its quarterly earnings data on Tuesday. The business services provider reported ($0.33) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.07), Bloomberg Earnings reports. Liquidity Services had a negative return on equity of 16.59% and a negative net margin of 27.52%. The business had revenue of $61.40 million for the quarter, compared to analysts’ expectations of $64.10 million. During the same period last year, the business earned ($0.02) earnings per share. The company’s revenue for the quarter was down 21.8% on a year-over-year basis. Liquidity Services updated its Q1 guidance to $(0.34)-(0.25) EPS.
Shares of Liquidity Services (NASDAQ:LQDT) traded down $0.10 on Tuesday, hitting $5.75. 78,439 shares of the stock were exchanged, compared to its average volume of 113,873. Liquidity Services has a fifty-two week low of $5.20 and a fifty-two week high of $10.50.
A number of brokerages have recently weighed in on LQDT. Zacks Investment Research raised shares of Liquidity Services from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. ValuEngine raised shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st.
Liquidity Services Company Profile
Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.
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