Liquidity Services (Nasdaq: LQDT ) reported earnings today. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q1), Liquidity Services beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share expanded significantly.
Margins improved across the board.
Liquidity Services reported revenue of $106.0 million. The eight analysts polled by S&P Capital IQ wanted to see revenue of $102.6 million. Sales were 35% higher than the prior-year quarter's $78.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.32. The seven earnings estimates compiled by S&P Capital IQ forecast $0.27 per share on the same basis. GAAP EPS of $0.28 for Q1 were 460% higher than the prior-year quarter's $0.05 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 44.3%, 320 basis points better than the prior-year quarter. Operating margin was 15.6%, 520 basis points better than the prior-year quarter. Net margin was 8.6%, 680 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $119.5 million. On the bottom line, the average EPS estimate is $0.36.
Next year's average estimate for revenue is $442.0 million. The average EPS estimate is $1.29.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 299 members out of 321 rating the stock outperform, and 22 members rating it underperform. Among 118 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 115 give Liquidity Services a green thumbs-up, and three give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Liquidity Services is outperform, with an average price target of $41.86.
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