Wall Street brokerages expect Liquidity Services, Inc. (NASDAQ:LQDT) to report earnings of ($0.14) per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Liquidity Services’ earnings, with the lowest EPS estimate coming in at ($0.16) and the highest estimate coming in at ($0.12). Liquidity Services posted earnings of ($0.21) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 33.3%. The firm is scheduled to announce its next quarterly earnings results on Thursday, May 3rd.

On average, analysts expect that Liquidity Services will report full-year earnings of ($0.43) per share for the current financial year, with EPS estimates ranging from ($0.44) to ($0.41). For the next financial year, analysts forecast that the company will report earnings of $0.18 per share. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Liquidity Services.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings results on Thursday, February 1st. The business services provider reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.19. Liquidity Services had a negative net margin of 12.29% and a negative return on equity of 20.43%. The business had revenue of $61.14 million for the quarter, compared to analysts’ expectations of $65.42 million. During the same quarter last year, the company posted ($0.22) earnings per share. The company’s quarterly revenue was down 13.6% compared to the same quarter last year.

Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of Liquidity Services from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine cut shares of Liquidity Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 8th. Finally, Barrington Research raised shares of Liquidity Services from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 1st.

A number of hedge funds and other institutional investors have recently modified their holdings of LQDT. Renaissance Technologies LLC lifted its holdings in Liquidity Services by 22.0% in the second quarter. Renaissance Technologies LLC now owns 1,981,239 shares of the business services provider’s stock worth $12,581,000 after acquiring an additional 357,240 shares during the last quarter. Roumell Asset Management LLC lifted its holdings in Liquidity Services by 39.9% in the third quarter. Roumell Asset Management LLC now owns 875,871 shares of the business services provider’s stock worth $5,168,000 after acquiring an additional 249,611 shares during the last quarter. Boston Partners bought a new position in Liquidity Services in the fourth quarter worth about $934,000. Dimensional Fund Advisors LP lifted its holdings in Liquidity Services by 15.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,038,515 shares of the business services provider’s stock worth $6,127,000 after acquiring an additional 135,532 shares during the last quarter. Finally, Stone Ridge Asset Management LLC bought a new position in Liquidity Services in the fourth quarter worth about $330,000. 67.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Liquidity Services (NASDAQ LQDT) traded down $0.05 during mid-day trading on Wednesday, hitting $7.35. 144,800 shares of the stock traded hands, compared to its average volume of 181,415. Liquidity Services has a twelve month low of $4.34 and a twelve month high of $8.65.

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About Liquidity Services

Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.

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