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

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

Liquidity Services Stock Performance

LQDT stock traded up $1.21 during midday trading on Friday, reaching $22.23. The company’s stock had a trading volume of 116,180 shares, compared to its average volume of 121,461. The stock has a fifty day simple moving average of $20.24 and a two-hundred day simple moving average of $18.73. Liquidity Services has a 1 year low of $13.99 and a 1 year high of $22.87. The firm has a market capitalization of $677.61 million, a price-to-earnings ratio of 34.20 and a beta of 1.35.

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

Analyst Ratings Changes

Several brokerages have weighed in on LQDT. Barrington Research reissued an outperform rating and issued a $27.00 price target on shares of Liquidity Services in a report on Monday, August 5th. StockNews.com raised Liquidity Services from a buy rating to a strong-buy rating in a 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.