Liquidity Services (LQDT) Set to Announce Earnings on Thursday

Liquidity Services (NASDAQ:LQDT) will release its earnings data before the market opens on Thursday, August 8th. Liquidity Services has set its Q3 2024 guidance at 0.200-0.280 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

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

Liquidity Services Price Performance

LQDT stock opened at $20.08 on Wednesday. The company has a 50-day moving average of $20.14 and a two-hundred day moving average of $18.66. The stock has a market capitalization of $612.08 million, a price-to-earnings ratio of 30.89 and a beta of 1.35. Liquidity Services has a 52-week low of $13.99 and a 52-week high of $22.87.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LQDT. Barrington Research reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a research report on Monday. 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.