Liquidity Services (NASDAQ:LQDT) Releases Q4 2019 Earnings Guidance

Liquidity Services (NASDAQ:LQDT) issued an update on its fourth quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $-0.11–0.04 for the period, compared to the Thomson Reuters consensus estimate of $-0.08.

Liquidity Services stock opened at $7.37 on Friday. The business has a 50 day moving average of $6.11. Liquidity Services has a one year low of $5.17 and a one year high of $9.16.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings data on Thursday, August 1st. The business services provider reported ($0.05) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.02. The company had revenue of $56.88 million for the quarter, compared to analyst estimates of $52.17 million. Liquidity Services had a negative return on equity of 8.02% and a negative net margin of 7.50%. Analysts predict that Liquidity Services will post -0.39 EPS for the current year.

LQDT has been the topic of a number of recent analyst reports. ValuEngine lowered Liquidity Services from a buy rating to a hold rating in a research note on Thursday, April 11th. TheStreet lowered Liquidity Services from a c rating to a d+ rating in a research note on Monday, April 15th. Barrington Research reissued a buy rating and issued a $10.00 price target on shares of Liquidity Services in a research note on Thursday. Finally, Zacks Investment Research lowered Liquidity Services from a buy rating to a hold rating in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Liquidity Services has an average rating of Buy and an average price target of $8.38.

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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