Sidoti Csr Predicts ScanSource's Q2 Earnings (NASDAQ:SCSC)

Key Points

• Sidoti Csr raised its Q2 2026 earnings per share estimate for ScanSource from $0.97 to $1.10, indicating increased confidence in the company's performance.
• ScanSource reported Q2 earnings of $1.02 per share, exceeding the consensus estimate of $0.91, with revenues of $812.89 million for the quarter.
• ScanSource's stock ratings have improved recently, with analysts upgrading it to a "buy" rating and setting a price target of $42.00.

ScanSource, Inc. (NASDAQ:SCSC - Free Report) - Sidoti Csr raised their Q2 2026 earnings per share (EPS) estimates for shares of ScanSource in a research note issued to investors on Friday, August 22nd. Sidoti Csr analyst G. Burns now forecasts that the industrial products company will post earnings per share of $1.10 for the quarter, up from their previous estimate of $0.97. The consensus estimate for ScanSource's current full-year earnings is $3.33 per share. Sidoti Csr also issued estimates for ScanSource's Q4 2026 earnings at $1.11 EPS, FY2026 earnings at $3.97 EPS, Q1 2027 earnings at $1.06 EPS and Q3 2027 earnings at $1.07 EPS.

Other analysts have also issued research reports about the company. Wall Street Zen raised ScanSource from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Zacks Research raised ScanSource from a "hold" rating to a "strong-buy" rating in a research note on Monday. Finally, Northcoast Research raised ScanSource from a "neutral" rating to a "buy" rating and set a $42.00 price target on the stock in a research note on Tuesday, May 6th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company's stock. Based on data from MarketBeat.com, ScanSource currently has an average rating of "Strong Buy" and an average price target of $42.00.

ScanSource Stock Performance

Shares of NASDAQ:SCSC traded down $0.52 during trading on Monday, hitting $43.65. 201,994 shares of the stock were exchanged, compared to its average volume of 324,341. ScanSource has a 1-year low of $28.75 and a 1-year high of $53.90. The company has a market capitalization of $955.50 million, a price-to-earnings ratio of 14.50, a price-to-earnings-growth ratio of 0.74 and a beta of 1.41. The company's fifty day simple moving average is $41.77 and its 200-day simple moving average is $38.37. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.30 and a current ratio of 2.01.

ScanSource (NASDAQ:SCSC - Get Free Report) last announced its quarterly earnings data on Thursday, August 21st. The industrial products company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.11. ScanSource had a return on equity of 9.38% and a net margin of 2.35%.The company had revenue of $812.89 million for the quarter, compared to analyst estimates of $776.21 million. During the same quarter last year, the firm earned $0.80 EPS. ScanSource's revenue for the quarter was up 8.9% compared to the same quarter last year. ScanSource has set its FY 2026 guidance at EPS.

Insider Transactions at ScanSource

In other ScanSource news, EVP Rachel Hayden sold 6,738 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $41.27, for a total value of $278,077.26. Following the transaction, the executive vice president owned 13,174 shares of the company's stock, valued at approximately $543,690.98. The trade was a 33.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders sold 9,663 shares of company stock valued at $407,084. Insiders own 4.20% of the company's stock.

Institutional Investors Weigh In On ScanSource

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCSC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of ScanSource by 18.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,469 shares of the industrial products company's stock worth $2,158,000 after acquiring an additional 6,936 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of ScanSource by 1.2% during the first quarter. Principal Financial Group Inc. now owns 117,804 shares of the industrial products company's stock worth $4,007,000 after acquiring an additional 1,433 shares during the last quarter. Deutsche Bank AG raised its position in shares of ScanSource by 47.8% during the fourth quarter. Deutsche Bank AG now owns 20,510 shares of the industrial products company's stock worth $973,000 after acquiring an additional 6,629 shares during the last quarter. Susquehanna International Group LLP raised its position in shares of ScanSource by 59.1% during the fourth quarter. Susquehanna International Group LLP now owns 46,837 shares of the industrial products company's stock worth $2,222,000 after acquiring an additional 17,406 shares during the last quarter. Finally, Picton Mahoney Asset Management raised its position in shares of ScanSource by 414.4% during the first quarter. Picton Mahoney Asset Management now owns 11,553 shares of the industrial products company's stock worth $392,000 after acquiring an additional 9,307 shares during the last quarter. Institutional investors and hedge funds own 97.91% of the company's stock.

About ScanSource

ScanSource, Inc engages in the distribution of technology products and solutions in the United States, Canada, and Brazil. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies.