Liquidity Services, Inc. (NASDAQ:LQDT) Expected to Post Earnings of -$0.07 Per Share

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Analysts predict that Liquidity Services, Inc. (NASDAQ:LQDT) will announce earnings of ($0.07) per share for the current quarter, according to Zacks. Two analysts have made estimates for Liquidity Services’ earnings, with estimates ranging from ($0.08) to ($0.06). Liquidity Services also reported earnings of ($0.07) per share during the same quarter last year. The business is scheduled to report its next earnings results before the market opens on Thursday, August 1st.

On average, analysts expect that Liquidity Services will report full-year earnings of ($0.27) per share for the current fiscal year, with EPS estimates ranging from ($0.28) to ($0.26). For the next financial year, analysts expect that the business will post earnings of ($0.12) per share, with EPS estimates ranging from ($0.30) to $0.06. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Liquidity Services.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Wednesday, May 8th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.12) by $0.10. Liquidity Services had a negative net margin of 7.26% and a negative return on equity of 8.62%. The company had revenue of $37.36 million during the quarter, compared to the consensus estimate of $56.92 million.

A number of equities analysts have weighed in on LQDT shares. ValuEngine downgraded shares of Zogenix from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 11th. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. Finally, TheStreet raised shares of Vectrus from a “c+” rating to a “b” rating in a research note on Monday, April 15th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $8.38.

Several hedge funds and other institutional investors have recently made changes to their positions in LQDT. PNC Financial Services Group Inc. increased its stake in shares of Liquidity Services by 113.0% during the first quarter. PNC Financial Services Group Inc. now owns 3,679 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 1,952 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Liquidity Services by 81.7% during the first quarter. Bank of Montreal Can now owns 5,019 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 2,256 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of Liquidity Services by 510.7% during the first quarter. BNP Paribas Arbitrage SA now owns 5,557 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 4,647 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Liquidity Services during the fourth quarter valued at approximately $45,000. Finally, Oregon Public Employees Retirement Fund bought a new position in shares of Liquidity Services during the fourth quarter valued at approximately $62,000. 67.76% of the stock is owned by institutional investors and hedge funds.

LQDT stock traded up $0.03 during trading on Wednesday, reaching $6.11. The company had a trading volume of 4,660 shares, compared to its average volume of 83,940. Liquidity Services has a 52 week low of $5.17 and a 52 week high of $9.16. The business’s 50 day moving average price is $5.91. The stock has a market cap of $203.66 million, a P/E ratio of -12.21 and a beta of 1.21.

About Liquidity Services

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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