One company that should be on your radar is Liquidity Services, Inc. (LQDT). The stock of this Auction/Valuation Services has seen its Zacks Rank surge over the past four weeks, moving from Strong Sell territory to its current position as a Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For LQDT’s full year estimate, we have seen 2 estimates go higher in the past 30 days, compared to just 1 lower. This trend has helped the consensus estimate to trend higher, going from $1.30 per share a month ago to its current level at $1.41.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, LQDT has seen some pretty solid trading lately, as the company has moved higher by 13.9% in the past month.
If Liquidity Services can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put LQDT on your watch list for the future.
Other top-ranked stocks worth considering in this Business Services space include CBIZ, Inc. (CBZ), Vistaprint N.V. (VPRT), and MAXIMUS, Inc. (MMS). All these carry a Zacks Rank #1 (Strong Buy).
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LIQUIDITY SERVICES INC (LQDT): Free Stock Analysis Report
CBIZ INC (CBZ): Free Stock Analysis Report
VISTAPRINT NV ORD THE NETHERLAND (VPRT): Free Stock Analysis Report
MAXIMUS INC (MMS): Free Stock Analysis Report
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