Liquidity Services (NASDAQ:LQDT) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$93.6m (up 16% from 3Q 2023).

• Net income: US$6.00m (down 7.5% from 3Q 2023).

• Profit margin: 6.4% (down from 8.0% in 3Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$0.20 (down from US$0.21 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Liquidity Services Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 5.6%.

Looking ahead, revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 6.6% growth forecast for the Commercial Services industry in the US.

Performance of the American Commercial Services industry.

The company's shares are up 3.6% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Liquidity Services' balance sheet health.

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