Liquidity Services Q1 Adj EPS $0.14 Misses $0.15 Estimate, Sales $71.33M Miss $76.96M Estimate
Portfolio Pulse from Benzinga Newsdesk
Liquidity Services (NASDAQ:LQDT) reported Q1 adjusted EPS of $0.14, missing the $0.15 estimate, and sales of $71.33M, below the $76.96M estimate. This represents a 26.32% decrease in EPS and a 1.32% decrease in sales from the same period last year.
February 08, 2024 | 11:54 am
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NEGATIVE IMPACT
Liquidity Services reported a Q1 adjusted EPS of $0.14, missing estimates by $0.01, and sales of $71.33M, missing estimates by $5.63M. Year-over-year, EPS decreased by 26.32% and sales decreased by 1.32%.
Missing both EPS and sales estimates indicates underperformance, likely leading to negative investor sentiment in the short term. The year-over-year decrease in EPS and sales further compounds the negative outlook, suggesting potential downward pressure on LQDT's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100