Zacks: Brokerages Anticipate Liquidity Services, Inc. (LQDT) to Announce -$0.14 Earnings Per Share

Analysts predict that Liquidity Services, Inc. (NASDAQ:LQDT) will report earnings per share of ($0.14) for the current quarter, Zacks reports. Two analysts have made estimates for Liquidity Services’ earnings. The highest EPS estimate is ($0.12) and the lowest is ($0.16). Liquidity Services posted earnings of ($0.21) per share in the same quarter last year, which would suggest a positive year over year growth rate of 33.3%. The business is expected to issue its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that Liquidity Services will report full year earnings of ($0.43) per share for the current fiscal year, with EPS estimates ranging from ($0.44) to ($0.41). For the next fiscal year, analysts forecast that the firm will post earnings of $0.18 per share. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Liquidity Services.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings data on Thursday, February 1st. The business services provider reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.19. Liquidity Services had a negative net margin of 12.29% and a negative return on equity of 20.43%. The firm had revenue of $61.14 million for the quarter, compared to analysts’ expectations of $65.42 million. During the same quarter in the previous year, the company earned ($0.22) earnings per share. The company’s revenue for the quarter was down 13.6% compared to the same quarter last year.

A number of equities analysts have issued reports on LQDT shares. Barrington Research upgraded shares of Liquidity Services from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 1st. ValuEngine cut shares of Liquidity Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 8th. Finally, Zacks Investment Research upgraded shares of Liquidity Services from a “sell” rating to a “buy” rating and set a $7.75 price objective on the stock in a research report on Thursday, February 8th.

Several hedge funds have recently added to or reduced their stakes in LQDT. Renaissance Technologies LLC increased its position in shares of Liquidity Services by 22.0% in the second quarter. Renaissance Technologies LLC now owns 1,981,239 shares of the business services provider’s stock valued at $12,581,000 after acquiring an additional 357,240 shares during the period. Roumell Asset Management LLC increased its position in shares of Liquidity Services by 39.9% during the third quarter. Roumell Asset Management LLC now owns 875,871 shares of the business services provider’s stock valued at $5,168,000 after buying an additional 249,611 shares during the period. Boston Partners purchased a new position in shares of Liquidity Services during the fourth quarter valued at about $934,000. Dimensional Fund Advisors LP increased its position in shares of Liquidity Services by 15.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,038,515 shares of the business services provider’s stock valued at $6,127,000 after buying an additional 135,532 shares during the period. Finally, Stone Ridge Asset Management LLC purchased a new position in shares of Liquidity Services during the fourth quarter valued at about $330,000. Hedge funds and other institutional investors own 66.21% of the company’s stock.

Liquidity Services (NASDAQ:LQDT) traded up $0.15 during mid-day trading on Wednesday, hitting $7.25. 242,810 shares of the company’s stock were exchanged, compared to its average volume of 183,239. Liquidity Services has a 12-month low of $4.34 and a 12-month high of $8.75. The stock has a market capitalization of $217.16, a PE ratio of -7.18 and a beta of 1.07.

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

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