Alert: New Earnings Report (11/9/23)-ScanSource Inc (NASDAQ: SCSC).


ScanSource Inc (NASDAQ: SCSC) has reported earnings for its first fiscal quarter (ending September 30) of $0.62 versus $0.95 for the same period a year ago — a decline of -35%. Relative to the consensus estimate of $0.91, this was a shortfall of $-0.29. E.P.S. were $3.17 for the latest four quarters through September 30 versus $3.57 for the same period a year ago — a decline of -11%.


Recent Price Action

ScanSource Inc (NASDAQ: SCSC) stock closed at $28.63 on 11/9/23 after a very large decline of -7.7%. The stock has declined -8.9% during the last week but has been strong relative to the market over the last nine months.

Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, SCSC is expected to continue to be a Value Builder.

ScanSource has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ScanSource has a slightly positive Appreciation Score of 65 and a good Power Rating of 84, leading to the Highest Value Trend Rating.

Rating Review

In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.

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