Liquidity Services (NASDAQ:LQDT) Releases Q4 2024 Earnings Guidance

Liquidity Services (NASDAQ:LQDT) issued an update on its fourth quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 0.250-0.320 for the period, compared to the consensus estimate of 0.250. The company issued revenue guidance of -.

Liquidity Services Stock Performance

Shares of LQDT traded up $1.21 during trading hours on Friday, reaching $22.23. The stock had a trading volume of 116,180 shares, compared to its average volume of 121,461. Liquidity Services has a 12 month low of $13.99 and a 12 month high of $22.87. The stock has a market capitalization of $677.61 million, a PE ratio of 34.20 and a beta of 1.35. The company’s 50-day moving average is $20.24 and its two-hundred day moving average is $18.73.

Liquidity Services (NASDAQ:LQDT) last posted its earnings results on Thursday, May 9th. The business services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. The business had revenue of $91.45 million for the quarter. Liquidity Services had a net margin of 6.30% and a return on equity of 18.51%. During the same quarter in the prior year, the business earned $0.20 earnings per share.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LQDT. Barrington Research reaffirmed an outperform rating and issued a $27.00 price objective on shares of Liquidity Services in a research note on Monday, August 5th. StockNews.com raised shares of Liquidity Services from a buy rating to a strong-buy rating in a research report on Monday, May 13th.

Liquidity Services Company Profile

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.