Analysts Offer Predictions for ScanSource Q1 Earnings

ScanSource, Inc. (NASDAQ:SCSC) – Research analysts at Sidoti issued their Q1 2028 earnings estimates for shares of ScanSource in a research note issued on Monday, August 17th. Sidoti analyst G. Burns forecasts that the industrial products company will post earnings per share of $1.03 for the quarter. The consensus estimate for ScanSource’s current full-year earnings is $3.90 per share. Sidoti also issued estimates for ScanSource’s Q2 2028 earnings at $1.23 EPS, Q3 2028 earnings at $1.25 EPS and Q4 2028 earnings at $1.57 EPS.

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

ScanSource Stock Down 2.8%

Shares of NASDAQ:SCSC opened at $51.71 on Tuesday. The stock has a market capitalization of $1.05 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 0.83 and a beta of 1.28. The stock’s 50-day moving average price is $52.79 and its 200-day moving average price is $44.25. The company has a current ratio of 1.86, a quick ratio of 1.20 and a debt-to-equity ratio of 0.11. ScanSource has a 12-month low of $33.76 and a 12-month high of $59.60.

Institutional Trading of ScanSource

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in ScanSource by 2.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,859 shares of the industrial products company’s stock valued at $471,000 after purchasing an additional 295 shares during the period. Royce & Associates LP raised its stake in ScanSource by 1.7% in the fourth quarter. Royce & Associates LP now owns 26,088 shares of the industrial products company’s stock worth $1,019,000 after buying an additional 433 shares in the last quarter. Summit Global Investments lifted its holdings in ScanSource by 3.3% in the fourth quarter. Summit Global Investments now owns 14,177 shares of the industrial products company’s stock worth $554,000 after buying an additional 451 shares during the period. WINTON GROUP Ltd boosted its position in ScanSource by 2.0% during the 4th quarter. WINTON GROUP Ltd now owns 26,020 shares of the industrial products company’s stock valued at $1,016,000 after acquiring an additional 510 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in ScanSource by 1.6% during the 3rd quarter. Franklin Resources Inc. now owns 36,424 shares of the industrial products company’s stock valued at $1,602,000 after acquiring an additional 567 shares in the last quarter. Hedge funds and other 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.