If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, ScanSource (SCSC) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Investors with an interest in Industrial Services stocks have likely encountered both ScanSource (SCSC) and W.W. Grainger (GWW).
ScanSource, Inc. (NASDAQ:SCSC ) Q1 2025 Earnings Conference Call November 7, 2024 10:30 AM ET Company Participants Mary Gentry - Senior Vice President, Treasurer and Investor Relations Mike Baur - Chair and Chief Executive Officer Steve Jones - Senior Executive Vice President, Chief Financial Officer Conference Call Participants Greg Burns - Sidoti Keith Housum - Northcoast Research Michael Latimore - Northland Securities Logan Katzman - Raymond James Operator Welcome to the ScanSource Quarterly Earnings Conference Call. All lines have been placed in a listen-only mode until the question-and-answer session.
ScanSource (SCSC) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.74 per share a year ago.
ScanSource's FY24 results show a significant decline in revenue and mixed profitability, leading me to initiate a hold rating. The company's top-line growth and margins need improvement; recent acquisitions and Intelisys' recurring revenue model could enhance profitability. Financial health is stable with manageable debt, but efficiency and profitability metrics have been trending down.
ScanSource has shown solid growth and smart acquisitions, but mixed financials with dropping sales, high costs, and potentially overpriced stock raise concerns. Despite a strong 2024 performance, long-term returns lag behind the S&P 500, and the stock lacks dividends, making it less attractive for income-focused investors. Recent acquisitions like Resourcive and Advantix aim to boost high-margin, recurring revenue, but high acquisition costs and weak sales numbers pose risks.
SCSC witnesses year-over-year declines in both its top and bottom lines in fiscal 2024 due to weak demand.
ScanSource, Inc. (NASDAQ:SCSC ) Q4 2024 Earnings Conference Call August 27, 2024 10:30 AM ET Company Participants Mary Gentry - SVP, Treasurer & IR Mike Baur - Chair & CEO Steve Jones - Senior Executive Vice President, CFO Conference Call Participants Adam Tindle - Raymond James Greg Burns - Sidoti Keith Housum - Northcoast Research Matthew Harrigan - The Benchmark Company Operator Welcome to the ScanSource Quarterly Earnings Conference Call. All lines have been placed in a listen-only mode until the question-and-answer session.
ScanSource (SCSC) came out with quarterly earnings of $0.80 per share, missing the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.76 per share a year ago.
U.S. stocks traded mixed this morning, with the Dow Jones index gaining over 50 points on Tuesday.
Investors looking for stocks in the Industrial Services sector might want to consider either ScanSource (SCSC) or W.W. Grainger (GWW).