Home > Boards > Free Zone > All Trading - Technical > Market Direction and Stock Trends

Bull of the Day: ScanSource (SCSC)

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
DiscoverGold Member Profile
Member Level 
Followed By 584
Posts 83,002
Boards Moderated 45
Alias Born 03/10/04
160x600 placeholder
Gilead Gets FDA Approval for Remdesivir for Some Non-Hospitalized Patients
By Josh Beckerman
Top Company News of the Day
Netflix Ends Down Nearly 22%, Worst Performer in the S&P 500 and Nasdaq 100 Today -- Data Talk
2-Year Treasury Yield Rises to 0.993% This Week -- Data Talk
10-Year Treasury Yield Falls to 1.747% This Week -- Data Talk
30-Year Treasury Yield Falls to 2.062% This Week -- Data Talk
Wheat Falls as U.S.-Russia Negotiations Continue - Daily Grain Highlights
Front Month Nymex Natural Gas Fell 6.17% This Week to Settle at $3.9990 -- Data Talk
Front Month Nymex RBOB Gasoline Rose 0.97% This Week to Settle at $2.4424 -- Data Talk
GDP Seen +5.8% in 4Q -- Data Week Ahead
Canada's Omicron Infections May Have Peaked But Hospitalizations Rise, Health Officer Says
Coinbase Global Down Over 12%, on Track for Record Low Close and Record Percent Decrease -- Data Talk
EURO STOXX 50 Index Ends the Week 1.00% Lower at 4229.56 -- Data Talk
CAC 40 Index Ends the Week 1.04% Lower at 7068.59 -- Data Talk
STOXX Europe 50 Index Ends the Week 0.44% Lower at 3781.98 -- Data Talk
STOXX Europe 600 Index Ends the Week 1.40% Lower at 474.44 -- Data Talk
FTSE 100 Index Ends the Week 0.65% Lower at 7494.13 -- Data Talk
DAX Ends the Week 1.76% Lower at 15603.88 -- Data Talk
FTSE 100 Ends the Week Lower, Losing Year-to-Date Gains
Ecolab Down Nearly 6%, on Track for Largest Percent Decrease Since July 2020 -- Data Talk
Intuitive Surgical Down Nearly 7%, on Pace for Largest Percent Decrease Since April 2020 -- Data Talk
GM Expanding Production of Electric Motor Parts in NY State
Walt Disney Worst Performer in the DJIA So Far Today -- Data Talk
Glaxo Unit Valuation Boost Looks Less Likely as Unilever Walks -- Market Insight
DiscoverGold Member Level  Tuesday, 09/07/21 09:28:24 AM
Re: None
Post # of 41266 
Bull of the Day: ScanSource (SCSC)
By: Zacks Investment Research | September 7, 2021

After a long holiday weekend, the market looks bid heading into this morning’s action. That can make anyone feel like Warren Buffet. Over the long run, it is the stocks with steady earnings which will outperform those that can’t seem to make a buck. One way to uncover stocks with steady earnings is by leaning on the time-tested power of the Zacks Rank. Stocks which are Zacks Rank #1 (Strong Buy) have a good chance of keeping the earnings flowing.

Today’s Bull of the Day is one such stock. I am talking about ScanSource (SCSC). ScanSource, Inc. distributes technology products and solutions in the United States, Canada, and internationally. It operates in two segments, Worldwide Barcode, Networking & Security; and Worldwide Communications & Services.

ScanSource, Inc. Price and Consensus



The reason for the favorable Zacks Rank is the recent earnings estimate revisions coming to the upside. Over the last thirty days, analysts have increased their earnings estimates for the current quarter, next quarter and the current year. The bullish sentiment has pushed up the Zacks Consensus Estimate for the current quarter from 66 cents to 75 cents, next quarter from 78 cents to 83 and the current year from $2.77 to $3.14. That sets current year EPS growth at 14.6% while next year is currently estimated to grow by 17.68%.

Those positive revisions, along with a series of quarterly earnings beats have helped the stock rally dramatically. Going back to late August 2020, the company beat earnings by 35.71% when the stock was trading down at $20.48. Since then, five consecutive quarterly earnings beats along with upside revisions have helped the stock to rally up to $37.56 as of the close on September 3rd.

Read Full Story »»»

DiscoverGold

Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences