Oppenheimer Maintains Outperform on Liquidity Services (LQDT) Ahead Earnings Print

November 26, 2012 11:26 AM EST
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Price: $9.40 --0%

Rating Summary:
    3 Buy, 6 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 10 | Down: 16 | New: 54
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Ahead of Liquidity Services (NASDAQ: LQDT) fiscal Q4 report on Thursday, analysts at Oppenheimer maintained an outperform rating on the stock with a price target of $60. They also raised their earnings estimates.

"The estimate revision is driven by restated September GSS, strong October trends and the inclusion of the NESA acquisition, which closed on November 1. We also believe the company will provide robust F13 guidance," said analyst Jason Helfstein.

"This should provide relief to LQDT shares, as we have seen a exodus of momentum investors, with GARP investors waiting for more transparency on near-term trends," added Helfstein.

Oppenheimer expects Q4 diluted EPS of 37 cents vs. 36 cents previously.

For an analyst ratings summary and ratings history on Liquidity Services click here. For more ratings news on Liquidity Services click here.

Shares of Liquidity Services closed at $39.36 yesterday.

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