Contact us on +234 813 597 6513
Contact us on +234 813 597 6513 or [email protected]

ScanSource (SCSC) Beats Q4 Earnings and Revenue Estimates

ScanSource (SCSC) Beats Q4 Earnings and Revenue Estimates
August 25, 2021 ObadeYemi

ScanSource (SCSC) delivered earnings and earnings surprises of 50.00% and 12.29%, respectively, for the quarter ended June 2021. Enact the numbers withhold cl…

Grow Your Alternate, No longer Your Inbox

Defend educated and be a part of our day after day e-newsletter now!

4 min learn

This narrative initially seemed on Zacks

ScanSource (SCSC) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.19 per share a twelve months ago. These figures are adjusted for non-recurring items.

This quarterly snarl represents an earnings surprise of 50%. A quarter ago, it was as soon as expected that this technology merchandise distributor would submit earnings of $0.53 per share when it in actuality produced earnings of $0.71, handing over a surprise of 33.96%.

Over the closing four quarters, the company has surpassed consensus EPS estimates four times.

ScanSource, which belongs to the Zacks Industrial Services industrial, posted revenues of $852.69 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 12.29%. This compares to twelve months-ago revenues of $758.42 million. The corporate has topped consensus earnings estimates thrice over the closing four quarters.

The sustainability of the inventory’s speedy build tear primarily primarily based on the no longer too prolonged ago-launched numbers and future earnings expectations will mostly rely on administration’s commentary on the earnings name.

ScanSource shares accept as true with added about 10.3% for the reason that origin of the twelve months versus the S&P 500’s construct of 19.3%.

What’s Next for ScanSource?

While ScanSource has underperformed the market to this point this twelve months, the question that comes to traders’ minds is: what’s subsequent for the inventory?

There are no easy answers to this key question, but one professional measure that can abet traders tackle right here is the company’s earnings outlook. No longer easiest does this encompass fresh consensus earnings expectations for the impending quarter(s), but also how these expectations accept as true with changed currently.

Empirical learn shows a solid correlation between advance-time length inventory movements and traits in earnings estimate revisions. Investors can discover such revisions by themselves or rely on a tried-and-tested score instrument tackle the Zacks Inferior, which has a daring discover snarl of harnessing the ability of earnings estimate revisions.

Earlier than this earnings release, the estimate revisions pattern for ScanSource was as soon as blended. While the magnitude and direction of estimate revisions might per chance per chance well moreover alternate following the company’s lawful-launched earnings snarl, the modern order translates into a Zacks Inferior #3 (Withhold) for the inventory. So, the shares are expected to build primarily primarily based within the marketplace within the advance future. You might per chance per chance well per chance glimpse the whole list of at the present time’s Zacks #1 Inferior (Solid Take hang of) stocks right here.

This might per chance well moreover moreover be moving to undercover agent how estimates for the impending quarters and up-to-the-minute fiscal twelve months alternate within the times forward. The modern consensus EPS estimate is $0.66 on $806.6 million in revenues for the impending quarter and $2.77 on $3.2 billion in revenues for the modern fiscal twelve months.

Investors might per chance per chance well moreover quiet be wide awake of the incontrovertible truth that the outlook for the industrial can accept as true with a material affect on the performance of the inventory as properly. In phrases of the Zacks Alternate Inferior, Industrial Services is within the meanwhile within the underside 26% of the 250 plus Zacks industries. Our learn shows that the end 50% of the Zacks-ranked industries outperform the underside 50% by a vow of larger than 2 to 1.

Tech IPOs With Huge Profit Most likely

Within the past few years, many in model platforms and tackle Uber and Airbnb sooner or later made their technique to the general public markets. However the finest paydays came from lesser-known names.

To illustrate, electric carmaker X Peng shot up +299.4% in exactly 2 months. Focal point on it this model…

If you happen to had save $5,000 into XPEV at its IPO in September 2020, you might per chance per chance well moreover accept as true with cashed out with $19,970 in November.

With snarl amounts of money flooding into IPOs and a snarl-surroundings inventory market, this twelve months’s lineup would be even extra profitable.

Glance Zacks Freshest Tech IPOs Now >>

Need basically the most modern strategies from Zacks Investment Be taught? As of late, you might per chance per chance well moreover download 7 Most moving Stocks for the Next 30 Days. Click to derive this free snarl

 

ScanSource, Inc. (SCSC): Free Inventory Diagnosis Narrative

 

To learn this article on Zacks.com click on right here.

 

Zacks Investment Be taught

0 Comments

Leave a reply

Your email address will not be published.

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Hide Related Posts