Investors are on the edge of their collective seats, hoping that ScanSource (Nasdaq: SCSC) will top analyst expectations for the fourth consecutive quarter. The company will unveil its latest earnings on Thursday, August 18. ScanSource is a wholesale distributor of technology products, providing value-added distribution sales to resellers in the technology markets.
What analysts say:
- Buy, sell, or hold?: Analysts strongly back ScanSource, with four of five rating it a buy and the remainder rating it a hold. Analysts still rate the stock a moderate buy, but they are a bit more wary about it compared to three months ago.
- Revenue Forecasts: On average, analysts predict $724.6 million in revenue this quarter. That would represent a rise of 24.4% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $0.65 per share. Estimates range from $0.60 to $0.70.
What our community says:
CAPS All Stars are solidly backing the stock, with 100% assigning it an "outperform" rating. The community at large agrees with the All Stars, with 95.5% granting it a rating of "outperform." Fools are keen on ScanSource, though the message boards have been quiet lately with only 32 posts in the past 30 days. ScanSource has a bullish CAPS rating of five out of five stars that is about on par with the Fool community assessment.
Management:
ScanSource's profit has risen year over year by an average of 44.2% over the past five quarters.
Quarter | Q3 | Q2 | Q1 | Q4 |
Gross Margin | 10.7% | 10.3% | 10.0% | 9.8% |
Operating Margin | 4.2% | 4.9% | 3.9% | 3.6% |
Net Margin | 2.7% | 3.2% | 2.5% | 2.4% |
One final thing: If you want to keep tabs on ScanSource movements, and for more analysis on the company, make sure you add it to your Watchlist.
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