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ScanSource (SCSC) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, ScanSource (SCSC - Free Report) closed at $34.55, marking a +1.23% move from the previous day. This change outpaced the S&P 500's 0.62% gain on the day. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq lost 0.03%.
Coming into today, shares of the technology products distributor had gained 2.22% in the past month. In that same time, the Industrial Products sector lost 2.2%, while the S&P 500 gained 0.87%.
ScanSource will be looking to display strength as it nears its next earnings release. In that report, analysts expect ScanSource to post earnings of $0.83 per share. This would mark year-over-year growth of 27.69%. Meanwhile, our latest consensus estimate is calling for revenue of $836.8 million, up 3.19% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.26 per share and revenue of $3.34 billion. These totals would mark changes of +18.98% and +5.06%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ScanSource. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ScanSource is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that ScanSource has a Forward P/E ratio of 10.6 right now. Its industry sports an average Forward P/E of 21.59, so we one might conclude that ScanSource is trading at a discount comparatively.
The Industrial Services industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 157, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SCSC in the coming trading sessions, be sure to utilize Zacks.com.
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ScanSource (SCSC) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, ScanSource (SCSC - Free Report) closed at $34.55, marking a +1.23% move from the previous day. This change outpaced the S&P 500's 0.62% gain on the day. At the same time, the Dow added 0.55%, and the tech-heavy Nasdaq lost 0.03%.
Coming into today, shares of the technology products distributor had gained 2.22% in the past month. In that same time, the Industrial Products sector lost 2.2%, while the S&P 500 gained 0.87%.
ScanSource will be looking to display strength as it nears its next earnings release. In that report, analysts expect ScanSource to post earnings of $0.83 per share. This would mark year-over-year growth of 27.69%. Meanwhile, our latest consensus estimate is calling for revenue of $836.8 million, up 3.19% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.26 per share and revenue of $3.34 billion. These totals would mark changes of +18.98% and +5.06%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for ScanSource. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ScanSource is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that ScanSource has a Forward P/E ratio of 10.6 right now. Its industry sports an average Forward P/E of 21.59, so we one might conclude that ScanSource is trading at a discount comparatively.
The Industrial Services industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 157, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SCSC in the coming trading sessions, be sure to utilize Zacks.com.