Liquidity Services Inc (NASDAQ: LQDT) has reported earnings for its fourth fiscal quarter (ending September 30) of $0.21 versus $0.26 for the same period a year ago — a decline of -19%. This result fell short of the consensus estimate of $0.24 by $-0.03. E.P.S. were $0.68 for the latest four quarters through September 30 versus $1.25 for the same period a year ago — a decline of -46%.
Recent Price Action
On 12/7/23, Liquidity Services Inc (NASDAQ: LQDT) stock suffered a major decline of -13.9%, closing at $17.15. Moreover, exceptionally high trading volume at 422% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -10.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, LQDT is expected to continue to be an important Value Builder.
Liquidity Services has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Liquidity Services has a poor Appreciation Score of 24 but a very high Power Rating of 90, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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