Earnings Preview For ScanSource
Portfolio Pulse from Benzinga Insights
ScanSource (NASDAQ:SCSC) is scheduled to release its quarterly earnings report on 2024-02-06, with analysts expecting an EPS of $0.97. The focus will be on whether the company beats this estimate and provides positive guidance for the next quarter. Historical data shows mixed reactions to past earnings, with the last quarter's miss of $0.17 leading to a 5.03% share price increase the following day.
February 05, 2024 | 8:02 pm
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POSITIVE IMPACT
ScanSource is expected to report an EPS of $0.97 for the upcoming quarter. Investors will closely watch if it beats this estimate and the guidance provided for future growth.
Given the historical data where a miss in EPS estimates led to a varied stock price reaction, a beat or positive guidance could significantly impact the stock price positively. However, the market's reaction to earnings can be unpredictable, hence the confidence score is not at the maximum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100