Overview

* Liquidity Services ( LQDT ) fiscal Q3 revenue rises 28% yr/yr, missing analyst expectations

* Adjusted EPS for fiscal Q3 beats consensus, reflecting strong operational performance

* Adjusted EBITDA for fiscal Q3 exceeds analyst estimates, driven by strategic investments

Outlook

* Liquidity Services ( LQDT ) expects Q4 GMV between $355 mln and $390 mln

* Company anticipates Q4 GAAP net income of $5.0 mln to $8.0 mln

* Liquidity Services ( LQDT ) projects Q4 non-GAAP adjusted EBITDA of $13.0 mln to $16.0 mln

* Company expects Q4 GAAP diluted EPS between $0.15 and $0.25

Result Drivers

* TECHNOLOGY INVESTMENTS - Strategic investments in technology and platform innovation helped capture greater market share

* RSCG EXPANSION - GMV in RSCG segment increased 30% due to expansion with retail client programs

* HEAVY EQUIPMENT SALES - CAG segment GMV rose 12%, driven by consignment sales in heavy equipment category

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $119.90 $120.40

Revenue mln mln (1

Analyst)

Q3 Beat $0.34 $0.3 (1

Adjusted Analyst)

EPS

Q3 Beat $11.10 $10.10

Adjusted mln mln (2

Net Analysts

Income )

Q3 Net $7.40

Income mln

Q3 Beat $17 mln $15.50

Adjusted mln (2

EBITDA Analysts

)

Q3 GMV $413 mln

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the online services peer group is "buy."

* Wall Street's median 12-month price target for Liquidity Services Inc ( LQDT ) is $41.00, about 39.4% above its August 6 closing price of $24.85

* The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 24 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)