ScanSource Q4 Adj. EPS $0.76 Beats $0.75 Estimate, Sales $947.15M Beat $897.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
ScanSource reported Q4 adjusted earnings of $0.76 per share, beating the analyst consensus estimate of $0.75 by 1.33%. However, this is a 16.48% decrease from the same period last year. The company also reported quarterly sales of $947.15 million, beating the estimate of $897.20 million by 5.57%, but this is a 1.57% decrease from last year.
August 22, 2023 | 12:32 pm
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NEUTRAL IMPACT
ScanSource's Q4 earnings and sales beat estimates but are down from the same period last year.
While ScanSource beat estimates for Q4 earnings and sales, the decrease from the same period last year could potentially offset any positive impact from beating estimates. This could lead to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100