ScanSource, Inc. (NASDAQ:SCSC) currently has an Average Broker Rating of 1.5. This number is based on the 2 sell-side firms polled by Zacks. The ABR rank within the industry stands at 22.
Analysts on a consensus basis are expecting that the stock will reach $46 within the year. The ABR is provided by Zacks which simplfies analyst ratings into an integer based number. They use a one to five scale where they translate brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 represents a Hold and 4-5 represents a consensus Sell rating.
Research analysts study publicly traded companies and make recommendations on the securities of those companies. Most specialize in a particular industry or sector of the economy. They exert considerable influence in today’s marketplace. Analysts’ recommendations or reports can influence the price of a company’s stock—especially when the recommendations are widely disseminated through television appearances or through other electronic and print media. The mere mention of a company by a popular analyst can temporarily cause its stock to rise or fall—even when nothing about the company’s prospects or fundamentals has recently changed.
Analysts often use a variety of terms—buy, strong buy, near-term or long-term accumulate, near-term or long-term over-perform or under-perform, neutral, hold—to describe their recommendations. But the meanings of these terms can differ from firm to firm. Rather than make assumptions, investors should carefully read the definitions of all ratings used in each research report. They should also consider the firm’s disclosures regarding what percentage of all ratings fall into either “buy,” “hold/neutral,” and “sell” categories.
Individual investors might be digging a little deeper into the playbook in order to create a winning plan for the remainder of the calendar year. The diligent investor typically has a portfolio that is diversified and ready to encounter any unforeseen market action. Even after creating the well-planned portfolio with expected returns, nobody can be absolutely sure that those returns will be seen. Setting realistic expectations can help the investor from becoming discouraged if the original plan runs into a bit of a snag. Of course every investor would like to enter the stock market and see sizeable profits right off the bat. This may only be wishful thinking for investors who aren’t ready to put in the time and energy to make sure the overall strategy stays on track and the portfolio stays properly managed.
ScanSource, Inc. (NASDAQ:SCSC) closed the last session at $37.7 and sees an average of 119691 shares trade hands in each session. The 52-week low of the stock stands at $32.25 while the current level stands at 47.81% of the 52-week High-Low range. Looking further out we can see that the stock has moved -5.75% over the past 12 weeks and 9.66% year to date.
Research analysts are predicting that ScanSource, Inc. (NASDAQ:SCSC) will report earnings of $0.8 per share when the firm issues their next quarterly report. This is the consensus earnings per share number according to data from Zack’s Research.
Most recently ScanSource, Inc. (NASDAQ:SCSC) posted quarterly earnings of $0.99 which compared to the sell-side estimates of 0.97. The stock’s 12-month trailing earnings per share stands at $3.33. Shares have moved $4.96 over the past month and more recently, $-1.59 over the past week heading into the earnings announcement. There are 2 analyst projections that were taken into consideration from respected brokerage firms.
2 analysts rate ScanSource, Inc. a Buy or Strong Buy, which is 100% of all the analyst ratings.
Investors may be trying to figure out how much risk they are able to handle with their current stock holdings. Taking on too much risk can put unnecessary weight on the shoulders of even the sturdiest investors. On the flip side, investors who play it too safe may be shaking their heads and wondering what might have been. Finding that delicate risk balance can turn out to be the difference between sinking and swimming in the equity markets. It is highly important for investors to understand exactly what risks they are taking when buying and selling stocks. Knowing these risks may help avoid disaster down the line. Once the risk is calculated, investors should have an easier go at narrowing in on finding the right stocks to add to the portfolio.
This article is informational purposes only and should not be considered a recommendation to buy or sell the stock.
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