Liquidity Services (LQDT) to Release Quarterly Earnings on Wednesday

Liquidity Services (NASDAQ:LQDT) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 2nd. Analysts expect the company to announce earnings of ($0.21) per share for the quarter. Liquidity Services has set its Q2 guidance at ($0.23)-($0.16) EPS.

Liquidity Services (NASDAQ:LQDT) last released its earnings results on Thursday, February 1st. The business services provider reported ($0.14) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.19. The firm had revenue of $61.14 million during the quarter, compared to analyst estimates of $65.42 million. Liquidity Services had a negative return on equity of 20.43% and a negative net margin of 12.29%. The business’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.22) earnings per share. On average, analysts expect Liquidity Services to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

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Liquidity Services stock opened at $6.25 on Wednesday. Liquidity Services has a 52 week low of $4.34 and a 52 week high of $8.05.

Several equities research analysts have commented on LQDT shares. Barrington Research upgraded Liquidity Services from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 1st. ValuEngine lowered Liquidity Services from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 8th. Finally, Zacks Investment Research upgraded Liquidity Services from a “sell” rating to a “buy” rating and set a $7.75 price target for the company in a research note on Thursday, February 8th.

In other Liquidity Services news, insider Roger Gravley sold 12,385 shares of the company’s stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $6.23, for a total transaction of $77,158.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 22.10% of the company’s stock.

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About Liquidity Services

Liquidity Services, Inc provides e-commerce marketplace solutions to manage, value, and sell inventory and equipment for business and government clients in the United States. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govliquidation.com, which enables federal government agencies and commercial businesses to sell surplus and scrap assets; govdeals.com that enables local and state government entities, school boards, and public utilities to sell surplus and salvage assets; auctiondeals.com self-service solution which enable sellers list their assets to commercial businesses to sell surplus and salvage assets.

Earnings History for Liquidity Services (NASDAQ:LQDT)

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