Sidoti Issues Positive Outlook for ScanSource Earnings

ScanSource, Inc. (NASDAQ:SCSC) – Equities research analysts at Sidoti boosted their Q1 2027 EPS estimates for ScanSource in a research note issued on Friday, August 21st. Sidoti analyst G. Burns now expects that the industrial products company will post earnings per share of $1.05 for the quarter, up from their prior estimate of $0.88. The consensus estimate for ScanSource’s current full-year earnings is $4.56 per share. Sidoti also issued estimates for ScanSource’s Q3 2027 earnings at $0.97 EPS, Q4 2027 earnings at $1.58 EPS, Q3 2028 earnings at $1.12 EPS and Q4 2028 earnings at $1.76 EPS.

ScanSource (NASDAQ:SCSC) last posted its earnings results on Thursday, August 20th. The industrial products company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.14 by $0.32. ScanSource had a net margin of 2.44% and a return on equity of 10.10%. The company had revenue of $953.11 million during the quarter, compared to the consensus estimate of $814.35 million. During the same period in the previous year, the firm posted $1.02 earnings per share. The firm’s revenue for the quarter was up 17.3% on a year-over-year basis.

Other analysts have also issued reports about the company. Weiss Ratings raised ScanSource from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 29th. Northcoast Research lowered ScanSource from a “buy” rating to a “neutral” rating in a report on Monday, August 17th. Finally, Wall Street Zen raised ScanSource from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $43.00.

ScanSource Price Performance

Shares of NASDAQ SCSC opened at $56.19 on Monday. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 0.79 and a beta of 1.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.15 and a current ratio of 1.76. ScanSource has a fifty-two week low of $33.76 and a fifty-two week high of $66.78. The firm’s 50-day simple moving average is $53.37 and its 200 day simple moving average is $44.71.

Hedge Funds Weigh In On ScanSource

Several institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in ScanSource by 2.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,859 shares of the industrial products company’s stock valued at $471,000 after acquiring an additional 295 shares during the last quarter. Royce & Associates LP raised its stake in shares of ScanSource by 1.7% during the fourth quarter. Royce & Associates LP now owns 26,088 shares of the industrial products company’s stock worth $1,019,000 after acquiring an additional 433 shares in the last quarter. Summit Global Investments lifted its holdings in shares of ScanSource by 3.3% in the 4th quarter. Summit Global Investments now owns 14,177 shares of the industrial products company’s stock worth $554,000 after acquiring an additional 451 shares during the last quarter. WINTON GROUP Ltd lifted its holdings in shares of ScanSource by 2.0% in the 4th quarter. WINTON GROUP Ltd now owns 26,020 shares of the industrial products company’s stock worth $1,016,000 after acquiring an additional 510 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of ScanSource by 1.3% in the 2nd quarter. Lazard Asset Management LLC now owns 43,016 shares of the industrial products company’s stock valued at $1,797,000 after purchasing an additional 567 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

ScanSource Company Profile

ScanSource, Inc is a global provider of technology products and solutions designed to help businesses enhance operational efficiency and customer engagement. The company specializes in the distribution of point-of-sale (POS) systems, barcode and data capture devices, networking and communications equipment, and value-added software and cloud services. By combining hardware, software and professional services, ScanSource supports channel partners in delivering end-to-end solutions across multiple industries, including retail, hospitality, healthcare and logistics.

Founded in 1992 and headquartered in Greenville, South Carolina, ScanSource has built a broad international footprint, serving customers throughout North, Central and South America as well as Europe, the Middle East and Africa.