ScanSource Q4 2024 Adj. EPS $0.80 Misses $0.93 Estimate, Sales $746.113M Miss $843.143M Estimate
Portfolio Pulse from Benzinga Newsdesk
ScanSource reported Q4 2024 earnings and sales that missed analyst estimates. The company posted an adjusted EPS of $0.80, below the expected $0.93, and sales of $746.113 million, missing the $843.143 million estimate. Sales decreased by 21.23% compared to the same period last year.
August 27, 2024 | 12:35 pm
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NEGATIVE IMPACT
ScanSource's Q4 2024 earnings and sales missed analyst expectations, with EPS at $0.80 versus $0.93 expected and sales at $746.113M versus $843.143M expected. Sales also declined 21.23% year-over-year.
The significant miss on both EPS and sales estimates, along with a notable year-over-year sales decline, suggests negative sentiment and potential downward pressure on ScanSource's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100