Liquidity Services Inc reports results for the quarter ended June 30 - Earnings Summary

• Liquidity Services Inc LQDT.OQ reported quarterly adjusted earnings of 34 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 30 cents. The lone analyst forecast for the quarter was for earnings of 30 cents per share.

• Revenue rose 28.1% to $119.88 million from a year ago; analysts expected $120.41 million.

• Liquidity Services Inc's reported EPS for the quarter was 23 cents​.

• The company reported quarterly net income of $7.41 million.

• Liquidity Services Inc shares had risen by 5.3% this quarter and lost 23.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the online services peer group is "buy."

• Wall Street's median 12-month price target for Liquidity Services Inc is $41.00, about 39.4% above its last closing price of $24.85

This summary was machine generated from LSEG data August 7 at 04:41 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)