Does Earnings Surprise History Hold Any Clue for ScanSource (NASDAQ:SCSC)

0
256

Earnings results for ScanSource (NASDAQ:SCSC)

ScanSource, Inc. is expected* to report earnings on 08/31/2020 after market close. The report will be for the fiscal Quarter ending Jun 2020. According to Zacks Investment Research, based on 1 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.14. The reported EPS for the same quarter last year was $0.71.

Analyst Opinion on ScanSource (NASDAQ:SCSC)

1 Wall Street analysts have issued ratings and price targets for ScanSource in the last 12 months. Their average twelve-month price target is $33.00, predicting that the stock has a possible upside of 33.82%. The high price target for SCSC is $33.00 and the low price target for SCSC is $33.00. There are currently 1 buy rating for the stock, resulting in a consensus rating of “Buy.”

ScanSource has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $33.00, ScanSource has a forecasted upside of 33.8% from its current price of $24.66. ScanSource has received no research coverage in the past 90 days.

Dividend Strength: ScanSource (NASDAQ:SCSC)

ScanSource does not currently pay a dividend. ScanSource does not have a long track record of dividend growth.

Insiders buying/selling: ScanSource (NASDAQ:SCSC)

In the past three months, ScanSource insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $81,448.00 in company stock. Only 3.87% of the stock of ScanSource is held by insiders. 94.46% of the stock of ScanSource is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of ScanSource (NASDAQ:SCSC

Earnings for ScanSource are expected to grow by 14.50% in the coming year, from $2.00 to $2.29 per share. The P/E ratio of ScanSource is 17.37, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.60. The P/E ratio of ScanSource is 17.37, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 20.07. ScanSource has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

More latest stories: here