ScanSource Q4 Adj $0.80 Misses $0.93 Estimate, Sales $746.11M Miss $843.14M Estimate
Portfolio Pulse from Benzinga Newsdesk
ScanSource reported Q4 earnings of $0.80 per share, missing the $0.93 estimate, and sales of $746.11M, missing the $843.14M estimate. Despite a 5.26% increase in earnings from last year, sales decreased by 21.23%.
August 27, 2024 | 12:36 pm
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NEGATIVE IMPACT
ScanSource's Q4 earnings and sales both missed analyst estimates, with earnings at $0.80 per share and sales at $746.11M. This could negatively impact the stock price in the short term.
The earnings per share and sales figures both missed analyst expectations significantly, which is typically viewed negatively by investors. The 21.23% decrease in sales compared to the previous year further adds to the negative sentiment. This is likely to result in a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100