Q4 2024 EPS Estimates for ScanSource, Inc. Decreased by Sidoti Csr (NASDAQ:SCSC)

ScanSource, Inc. (NASDAQ:SCSC) – Equities research analysts at Sidoti Csr lowered their Q4 2024 earnings estimates for ScanSource in a research report issued to clients and investors on Tuesday, May 7th. Sidoti Csr analyst G. Burns now expects that the industrial products company will earn $0.73 per share for the quarter, down from their prior forecast of $1.04. The consensus estimate for ScanSource’s current full-year earnings is $3.39 per share. Sidoti Csr also issued estimates for ScanSource’s Q2 2025 earnings at $0.78 EPS, Q4 2025 earnings at $0.91 EPS and FY2025 earnings at $3.13 EPS.

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

ScanSource Trading Up 1.7 %

Shares of SCSC stock opened at $47.38 on Friday. The firm has a market capitalization of $1.19 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 1.26 and a beta of 1.51. ScanSource has a 1 year low of $26.99 and a 1 year high of $48.22. The firm’s fifty day simple moving average is $42.64 and its 200 day simple moving average is $38.82. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.17.

Institutional Investors Weigh In On ScanSource

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its stake in shares of ScanSource by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,934,258 shares of the industrial products company’s stock valued at $76,616,000 after buying an additional 27,751 shares in the last quarter. Pzena Investment Management LLC raised its position in ScanSource by 4.9% in the fourth quarter. Pzena Investment Management LLC now owns 1,893,151 shares of the industrial products company’s stock worth $74,988,000 after purchasing an additional 89,103 shares in the last quarter. Wasatch Advisors LP lifted its stake in ScanSource by 67.9% during the first quarter. Wasatch Advisors LP now owns 1,055,882 shares of the industrial products company’s stock worth $46,501,000 after purchasing an additional 426,945 shares during the period. Invesco Ltd. boosted its holdings in ScanSource by 3.8% during the third quarter. Invesco Ltd. now owns 646,495 shares of the industrial products company’s stock valued at $19,595,000 after purchasing an additional 23,807 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in ScanSource by 1.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 627,886 shares of the industrial products company’s stock valued at $24,871,000 after purchasing an additional 7,125 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

About ScanSource

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.