Why Liquidity Services (LQDT) Could Be Positioned for a Surge
Liquidity Services, Inc. LQDT is an operator of online auction market place for surplus, salvage & scrap assets that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on LQDT’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Liquidity Services could be a solid choice for investors.
Current Quarter Estimates for LQDT
In the past 30 days, 1 estimate has gone higher for Liquidity Services while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 20 cents a share 30 days ago, to a loss of 16 cents today, a move of 20%.
Current Year Estimates for LQDT
Meanwhile, Liquidity Services’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame narrowing from a loss of 68 cents per share 30 days ago to a loss of 59 cents per share today, an increase of 13.2%.
Bottom Line
The stock has also started to move higher lately, adding 19.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
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LIQUIDITY SVCS (LQDT): Free Stock Analysis Report
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