FY2024 Earnings Estimate for ScanSource, Inc. (NASDAQ:SCSC) Issued By Sidoti Csr

ScanSource, Inc. (NASDAQ:SCSC) – Stock analysts at Sidoti Csr lowered their FY2024 earnings per share estimates for ScanSource in a research note issued to investors on Tuesday, May 7th. Sidoti Csr analyst G. Burns now forecasts that the industrial products company will post earnings of $3.17 per share for the year, down from their previous forecast of $3.40. The consensus estimate for ScanSource’s current full-year earnings is $3.39 per share. Sidoti Csr also issued estimates for ScanSource’s Q1 2025 earnings at $0.76 EPS, Q3 2025 earnings at $0.68 EPS, Q1 2026 earnings at $0.82 EPS, Q2 2026 earnings at $0.88 EPS, Q3 2026 earnings at $0.79 EPS and FY2026 earnings at $3.52 EPS.

ScanSource (NASDAQ:SCSC) last released its earnings results on Tuesday, May 7th. The industrial products company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.15). The business had revenue of $752.60 million during the quarter, compared to analysts’ expectations of $822.10 million. ScanSource had a return on equity of 9.18% and a net margin of 2.45%. The firm’s quarterly revenue was down 15.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.96 earnings per share.

ScanSource Trading Up 1.7 %

NASDAQ:SCSC opened at $47.38 on Thursday. The firm has a market capitalization of $1.19 billion, a P/E ratio of 13.61, a PEG ratio of 1.26 and a beta of 1.51. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.30 and a quick ratio of 1.36. ScanSource has a one year low of $26.99 and a one year high of $48.22. The company’s 50-day simple moving average is $42.64 and its 200 day simple moving average is $38.82.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCSC. Wasatch Advisors LP bought a new stake in ScanSource in the 4th quarter worth about $24,912,000. Pacer Advisors Inc. purchased a new stake in shares of ScanSource during the 4th quarter valued at about $23,236,000. Pzena Investment Management LLC grew its stake in shares of ScanSource by 7.2% in the third quarter. Pzena Investment Management LLC now owns 1,804,048 shares of the industrial products company’s stock worth $54,681,000 after acquiring an additional 120,721 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of ScanSource by 90.9% during the third quarter. Assenagon Asset Management S.A. now owns 242,619 shares of the industrial products company’s stock valued at $7,354,000 after purchasing an additional 115,495 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in ScanSource by 86.1% during the first quarter. Empowered Funds LLC now owns 114,327 shares of the industrial products company’s stock valued at $5,035,000 after purchasing an additional 52,895 shares during the period. Institutional investors own 97.91% of the company’s stock.

ScanSource Company Profile

ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies.