Ultime notizie per ScanSource (NASDAQ:SCSC) Azioni

ScanSource

ScanSource Inc provides value-added services for technology manufacturers and sells to resellers in specialty technology markets. The firm's operations are organized in two segments: Specialty Technology Solutions and Modern Communications and Cloud. It generates maximum revenue from the Specialty Technology Solutions segment. The Specialty Technology Solutions segment includes the company's business in mobility and barcode, POS, payments, security and networking technologies. Geographically, it derives a majority of revenue from the United States.

ScanSource Inc

SCANSOURCE ORD

The CNN Money Fear and Greed index showed an improvement in the overall market sentiment, with the index in the &#8220;Neutral&#8221; zone on Tuesday.
U.S. stocks settled slightly higher on Tuesday, ahead of earnings reports from NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>).
Traders are expecting the Federal Reserve to cut rates by at least 25 basis points at the Sept. 17-18 policy meeting.
ScanSource, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCSC#NASDAQ">SCSC</a>) reported worse-than-expected fourth-quarter financial results. American Woodmark Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMWD#NASDAQ">AMWD</a>) shares fell around 11% after the company reported worse-than-expected first-quarter financial results and expects FY25 sales to decline in low single digits.
On the economic data front, the S&amp;P CoreLogic Case-Shiller home price index climbed by 6.5% year-over-year in June compared to a revised 6.9% rise in the prior month. The FHFA house price index fell 0.1% in June, compared to market expectations for a 0.2% gain.
Most sectors on the S&amp;P 500 closed on a positive note, with financials, information technology and real estate stocks recording the biggest gains on Tuesday. However, energy and utilities stocks bucked the overall market trend, closing the session lower.
The Dow Jones closed higher by around 10 points to 41,250.50 on Tuesday. The S&amp;P 500 rose 0.16% to 5,625.80, while the Nasdaq Composite gained 0.16% at 17,754.82 during Tuesday's session.
Investors are awaiting earnings results from NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) and The J. M. Smucker Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SJM#NYSE">SJM</a>) today.
At a current reading of 52.9, the index moved to the &#8220;Neutral&#8221; zone on Tuesday, versus a prior reading of 43.6.
What is CNN Business Fear &amp; Greed Index?
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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AMWD

NVDA

SCSC

S&P Edges Higher Ahead Of Nvidia Earnings: Investors Sentiment Improves

ScanSource, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCSC#NASDAQ">SCSC</a>)&nbsp;reported <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/b40574155/scansource-reports-fourth-quarter-and-full-year-results" rel="noreferrer noopener">fourth-quarter revenues</a> of $746.1 million, down 21.2% year-on-year. Revenues&nbsp;trailed the street view of $843.1 million.
Adjusted EPS of $0.80 missed the <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">analyst consensus estimate of $0.93</a>. The stock plunged after the disappointing print.
Specialty Technology Solutions&#8217; net sales for the fourth quarter decreased 13.7% year-over-year to $484.7 million due to softer demand.
Modern Communications &amp; Cloud&#8217;s net sales for the fourth quarter decreased 32.2% year-over-year to $261.4 million due to lower sales volumes in communications hardware and Cisco products. Intelisys net sales for the fourth quarter increased 6.2% year-over-year.
Gross profit fell 10.4% to $97.3 million. Gross margin improved to 13.04% from 11.47% in the year-ago period, reflecting Intelisys&#8217;s higher contribution to the overall revenue mix.
For the fourth quarter, operating income was $21.9 million compared to $27.3 million in the prior year quarter. Adjusted EBITDA for the fourth quarter decreased 15.0% Y/Y to $34.2 million, or 4.58% of net sales.
The company exited the quarter with cash and equivalents worth $185.5 million. It generated $53.5 million in free cash flow.
&#8220;Our results for the year reflect a soft demand environment; however, we delivered strong margins and robust cash flow,&#8221; said Mike Baur, Chair and CEO of ScanSource. &#8220;We are executing well on our capital allocation plan to invest in strategic acquisitions and share repurchases.&#8221;
Outlook:&nbsp;ScanSource expects fiscal 2025&nbsp;net sales growth of $3.10 billion-$3.50 billion versus <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">$3.36 billion estimate</a>. The company projects an adjusted EBITDA of $140 million-$160 million. It expects an adjusted free cash flow of at least $70 million.
Analyst Rating: On August 15, Raymond James analyst Adam Tindle <a target="_blank" href="https://www.benzinga.com/quote/SCSC/analyst-ratings" rel="noreferrer noopener">downgraded ScanSource&#8217;s rating</a> from Outperform to Market Perform.&nbsp;
ScanSource stock gained 47% in the last 12 months.
Price Action:&nbsp;SCSC stock traded lower by 3.29% to $47.30 at the last check Tuesday.

Earnings

Equities

News

Guidance

Movers

ScanSource Q4: Earnings Fall Short, Specialty Tech Sales Decline, Intelisys Contribution Lifts Margins

U.S. stocks traded mixed this morning, with the Dow Jones index gaining over 50 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.16% to 41,240.52 while the NASDAQ fell 0.42% to 17,651.68. The S&amp;P 500 also fell, dropping, 0.22% to 5,604.73.
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Leading and Lagging Sectors Health care shares climbed by 0.2% on Tuesday.
In trading on Tuesday, information technology shares fell by 0.6%.
Top Headline
ScanSource, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCSC#NASDAQ">SCSC</a>) reported worse-than-expected fourth-quarter financial results.
ScanSource reported quarterly earnings of 80 cents per share which missed the analyst consensus estimate of 93 cents per share. The company reported quarterly sales of $746.113 million which missed the analyst consensus estimate of $843.143 million.
ScanSource said it sees FY25 revenues of $3.1 billion to $3.5 billion, versus estimates of $3.47 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Ensysce Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENSC#NASDAQ">ENSC</a>) shares shot up 66% to $0.7176 after the company received a $14 million multi-year grant from the NIH for the continued development of its PF614-MPAR, an abuse-deterrent opioid with overdose protection.</li>
<li>Shares of Addex Therapeutics Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADXN#NASDAQ">ADXN</a>) got a boost, surging 64% to $12.25 after the company and Indivior selected clinical candidates from their GABAB positive allosteric modulator research collaboration. The company is eligible for up to $330 million on achievement of milestones and royalties.</li>
<li>VOXX International Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VOXX#NASDAQ">VOXX</a>) shares were also up, gaining 50% to $4.25 after announcing strategic alternatives process to maximize valuation.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Altisource Asset Management Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAMC#NASDAQ">AAMC</a>) shares dropped 47% to $1.25 after the company announced intention to voluntarily delist and deregister its common stock from the NYSE American LLC.</li>
<li>Shares of COSCIENS Biopharma Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCI#NASDAQ">CSCI</a>) were down 35% to $3.80 after the company announced results from Phase 3 DETECT-trial of AEZS-130-P02.</li>
<li>Lixte Biotechnology Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIXT#NASDAQ">LIXT</a>) was down, falling 15% to $1.75.</li>
</ul>
Commodities In commodity news, oil traded down 1% to $76.67 while gold traded down 0.4% at $2,545.10.
Silver traded down 0.3% to $29.92 on Tuesday, while copper rose 0.3% to $4.2915.
Euro zone
European shares were mostly higher today. The eurozone's STOXX 600 gained 0.1%, Germany's DAX rose 0.4% and France's CAC 40 fell 0.2%. Spain's IBEX 35 Index rose 0.2%, while London's FTSE 100 rose 0.2%.
German economy contracted by 0.1% quarter-over-quarter in the second quarter, following a 0.2% growth in the first quarter. The GfK Consumer Climate Indicator for Germany fell to a reading of -22.0 heading into September compared to a revised -18.6 in the prior period.
Asia Pacific Markets
Asian markets closed mostly higher on Tuesday, with Japan's Nikkei 225 gaining 0.47%, Hong Kong's Hang Seng Index gaining 0.43%, China's Shanghai Composite Index falling 0.24% and India's BSE Sensex rising 0.02%.
Hong Kong&#8217;s trade deficit narrowed to $21.8 billion in July versus a $30 billion gap in the year-ago month, as exports increased more than imports.
Economics
<ul>
<li>The S&amp;P CoreLogic Case-Shiller home price index climbed by 6.5% year-over-year in June compared to a revised 6.9% rise in the prior month.</li>
<li>The FHFA house price index fell 0.1% in June, compared to market expectations for a 0.2% gain.</li>
</ul>
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</ul>

Eurozone

Commodities

Intraday Update

Markets

Trading Ideas

AAMC

ADXN

CSCI

ENSC

LIXT

VOXX

US Stocks Mixed; ScanSource Reports Weak Q4 Results

WIIM

ScanSource shares are trading lower after the company reported worse-than-expected Q4 financial results.

ScanSource Expects FY25 Revenues Of $3.1B-$3.5B Vs. $3.47B Estimate; Sees Free Cash Flow (Non-GAAP) Of At least $70M

ScanSource (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCSC#NASDAQ">SCSC</a>) reported quarterly earnings of $0.80 per share which missed the analyst consensus estimate of $0.93 by 13.98 percent. The company reported quarterly sales of $746.113 million which missed the analyst consensus estimate of $843.143 million by 11.51 percent. This is a 21.23 percent decrease over sales of $947.149 million the same period last year.

Earnings Misses

ScanSource Q4 2024 Adj. EPS $0.80 Misses $0.93 Estimate, Sales $746.113M Miss $843.143M Estimate

The CNN Money Fear and Greed index showed a slight decline in the overall market sentiment, but the index remained in the &#8220;Neutral&#8221; zone on Monday.
U.S. stocks settled mixed on Monday, while the Dow Jones index settled at a record high level during the session.
The Nasdaq Composite tumbled over 150 points, with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares down around 2.3% ahead of quarterly earnings due Wednesday. Other chip stocks, including, Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) also settled lower during the session.
Daqo New Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DQ#NYSE">DQ</a>) reported worse-than-expected second-quarter financial results on Monday. Shares of PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) dipped 28.5% after the company announced downbeat quarterly sales.
On the economic data front, U.S. new orders for manufactured durable goods gained 9.9% from the prior month in July, compared to a revised 6.9% plunge in the prior period.
Most sectors on the S&amp;P 500 closed on a negative note, with consumer discretionary, information technology, and industrials stocks recording the biggest losses on Monday. However, energy and consumer staples stocks bucked the overall market trend, closing the session higher.
The Dow Jones closed higher by around 65 points to 41,240.52 on Monday. The S&amp;P 500 fell 0.32% to 5,616.84, while the Nasdaq Composite dipped 0.85% to close at 17,725.77 during Monday's session.
Investors are awaiting earnings results from ScanSource, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCSC#NASDAQ">SCSC</a>), PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>), and Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) today.
What is CNN Business Fear &amp; Greed Index?
At a current reading of 54, the index remained in the &#8220;Neutral&#8221; zone on Monday, versus a prior reading of 54.8.
The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.
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Pre-Market Outlook

AVGO

Citigourp Global Markets 2% Protected Notes Linked To The Djia

Dow Closes At Record High While Nasdaq Tumbles As Nvidia Falls Ahead Of Earnings: Fear & Greed Index Remains In 'Neutral' Zone

With U.S. stock futures trading mixed this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects ScanSource, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCSC#NASDAQ">SCSC</a>) to report quarterly earnings at 93 cents per share on revenue of $843.14 million before the opening bell. ScanSource shares fell 1.1% to $48.39 in after-hours trading.</li>
<li>XWELL, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XWEL#NASDAQ">XWEL</a>) shares surged during Monday's after-hours trading after the company announced a two-year partnership with Priority Pass. XWELL shares climbed 25% to $2.25 in the after-hours trading session.</li>
<li>Analysts are expecting PVH Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PVH#NYSE">PVH</a>) to post quarterly earnings at $2.29 per share on revenue of $2.07 billion. The company will release earnings after the markets close. PVH shares gained 0.1% to $103.84 in after-hours trading.</li>
</ul>
Check out our<a href="https://www.benzinga.com/premarket/"> premarket coverage here</a>
<ul>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) <a href="https://www.benzinga.com/news/24/08/40563860/apple-announces-cfo-transition-iphone-16-debut-what-to-know">announced</a> the transition of its Chief Financial Officer, naming Kevan Parekh, the company's Vice President of Financial Planning and Analysis, as its next CFO. Apple shares fell 0.3% to $226.52 in the after-hours trading session.</li>
<li>Analysts expect Nordstrom, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JWN#NYSE">JWN</a>) to post quarterly earnings at 71 cents per share on revenue of $3.9 billion after the closing bell. Nordstrom shares fell 0.1% to $21.65 in the after-hours trading session.</li>
</ul>
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Photo courtesy: Shutterstock

AAPL

XWEL

Apple, ScanSource And 3 Stocks To Watch Heading Into Tuesday

Nordson (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ndsn#NASDAQ">NDSN</a>) came out with quarterly earnings of $2.41 per share, beating the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $2.35 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 3.43%. A quarter ago, it was expected that this maker of adhesives and industrial coatings would post earnings of $2.30 per share when it actually produced earnings of $2.34, delivering a surprise of 1.74%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Nordson, which belongs to the Zacks Manufacturing - General Industrial industry, posted revenues of $661.6 million for the quarter ended July 2024, surpassing the Zacks Consensus Estimate by 0.97%. This compares to year-ago revenues of $648.68 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Nordson shares have lost about 9.4% since the beginning of the year versus the S&amp;P 500&#39;s gain of 17.3%.
<h2>What&#39;s Next for Nordson?</h2>
While Nordson has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Nordson: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.63 on $712.27 million in revenues for the coming quarter and $9.52 on $2.65 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - General Industrial is currently in the bottom 23% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
ScanSource (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/scsc#NASDAQ">SCSC</a>), another stock in the broader Zacks Industrial Products sector, has yet to report results for the quarter ended June 2024. The results are expected to be released on August 27.
This technology products distributor is expected to post quarterly earnings of $0.95 per share in its upcoming report, which represents a year-over-year change of +25%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
ScanSource&#39;s revenues are expected to be $840.7 million, down 11.3% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2325304/nordson-ndsn-q3-earnings-and-revenues-top-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2325304">To read this article on Zacks.com click here.</a>

Earnings Beats

Large Cap

Small Cap

Analyst Ratings

NDSN

Nordson Q3 Earnings and Revenues Top Estimates

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page.</a>
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5bbbbc39211e200001970cde/michael-turrin">Wells Fargo analyst Michael Turrin</a> downgraded the rating for Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) from Overweight to Equal-Weight and lowered the price target from $200 to $130. Snowflake shares gained 0.2% to close at $127.30 on Wednesday. <a href="https://www.benzinga.com/quote/SNOW/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan analyst Eric Joseph downgraded the rating for bluebird bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLUE#NASDAQ">BLUE</a>) from Overweight to Neutral. bluebird bio shares fell 23.1% to close at $0.8149 on Wednesday. <a href="https://www.benzinga.com/quote/BLUE/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e7353ee5f2b9b00011506f5/peter-galbo">B of A Securities analyst Peter Galbo</a> downgraded Pilgrim&#8217;s Pride Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPC#NASDAQ">PPC</a>) from Buy to Neutral and maintained the price target of $47. Pilgrims Pride shares gained 3.3% to close at $45.69 on Wednesday. <a href="https://www.benzinga.com/quote/PPC/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Raymond James analyst Adam Tindle downgraded the rating for ScanSource, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCSC#NASDAQ">SCSC</a>) from Outperform to Market Perform. ScanSource shares fell 0.6% to settle at $48.02 on Wednesday. <a href="https://www.benzinga.com/quote/SCSC/analyst-ratings">See how other analysts view this stock.</a></li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5e74c9b45f2b9b0001153cf7/anja-soderstrom">Sidoti &amp; Co. analyst Anja Soderstrom</a> downgraded Kimball Electronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KE#NASDAQ">KE</a>) from Buy to Neutral and announced a price target of $19. Kimball Electronics shares fell 10.6% to close at $18.28 on Wednesday. <a href="https://www.benzinga.com/quote/KE/analyst-ratings">See how other analysts view this stock. See how other analysts view this stock.</a></li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40368892/jim-cramer-avoid-middle-market-plays-like-golub-capital-buy-mueller-industries-it-is-fan">Jim Cramer: &#8216;Avoid Middle Market Plays&#8217; Like Golub Capital, Buy Mueller Industries — &#8216;It Is Fantastic&#8217;</a></li>
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Considering buying SNOW stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="569" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116-1024x569.png" alt="" class="wp-image-496699" style="width:513px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116-1024x569.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116-300x167.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116-768x427.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15082615/image-116.png 1236w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>

Downgrades

BLUE

SNOW

This Snowflake Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Thursday

Raymond James analyst Adam Tindle downgrades ScanSource (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCSC#NASDAQ">SCSC</a>) from Outperform to Market Perform.

Raymond James Downgrades ScanSource to Market Perform

Resourcive is a leading Technology Value Creation partner
<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.scansource.com%2Fen&amp;esheet=54106788&amp;newsitemid=20240808936435&amp;lan=en-US&amp;anchor=ScanSource%2C+Inc.&amp;index=1&amp;md5=7d6d3b99e8d7dd3c5a21161c29407aca">ScanSource, Inc.</a> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCSC#NASDAQ">SCSC</a>), a leading hybrid distributor connecting devices to the cloud, today announced the acquisition of Resourcive, a leading technology advisor. Resourcive delivers strategic IT sourcing solutions to the mid-market and enterprise, advising clients on value creation strategies that are enabled by technology.
With the acquisition of Resourcive, ScanSource is creating a new Channel Advisory business to be a platform for the channel model of the future. This business is separate from ScanSource's Intelisys business, the industry's leading technology services distributor. Resourcive was founded in 2001 in Pelham, NY by Tom Gesky in an effort to create a symbiotic, strategic partnership with customers, enabling them to integrate new technologies, lower costs and increase profitability in order to drive business growth. Resourcive serves more than 300 customers in cloud, IoT, communications, contact center, networking, among other technologies with extensive experience supporting PE backed and public companies.

ScanSource Acquires Resourcive; No Financial Terms Disclosed

On May 13, a recent SEC filing unveiled that Alexander Charles Mathis, Board Member at ScanSource (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCSC#NASDAQ">SCSC</a>) made an insider sell.
What Happened: Mathis's recent move involves selling 3,000 shares of ScanSource. This information is documented in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000918965/000120919124005624//Archives/edgar/data/918965/000120919124005624/0001209191-24-005624-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value is $140,890.
At Tuesday morning, ScanSource shares are down by 1.73%, trading at $46.0.
<h3>Delving into ScanSource's Background</h3>
ScanSource Inc provides value-added services for technology manufacturers and sells to resellers in specialty technology markets. The firm's operations are organized in two segments: Specialty Technology Solutions and Modern Communications and Cloud. It generates maximum revenue from the Specialty Technology Solutions segment. The Specialty Technology Solutions segment includes the Company's business in mobility and barcode, POS, payments, security and networking technologies. Geographically, it derives a majority of revenue from the United States.
<h3>Financial Insights: ScanSource</h3>
Decline in Revenue: Over the 3 months period, ScanSource faced challenges, resulting in a decline of approximately -15.01% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Key Insights into Profitability Metrics:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 12.55%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): ScanSource's EPS is below the industry average. The company faced challenges with a current EPS of 0.51. This suggests a potential decline in earnings.
</li>
</ul>
Debt Management: With a below-average debt-to-equity ratio of 0.15, ScanSource adopts a prudent financial strategy, indicating a balanced approach to debt management.
Understanding Financial Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: ScanSource's P/E ratio of 15.15 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 0.34 is lower than the industry average, implying a discounted valuation for ScanSource's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): ScanSource's EV/EBITDA ratio at 7.85 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Pay Attention to Insider Transactions</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
Examining transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often concentrate on those unfolding in the open market, meticulously detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C indicates the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000918965">Check Out The Full List Of ScanSource's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Alexander Charles Mathis Executes Sell Order: Offloads $140K In ScanSource Stock

Brandy Ford, SVP &amp; Chief Accounting Officer at ScanSource (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCSC#NASDAQ">SCSC</a>), reported an insider sell on May 13, according to a new SEC filing. 
What Happened: After conducting a thorough analysis, Ford sold 1,253 shares of ScanSource. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000918965/000120919124005622//Archives/edgar/data/918965/000120919124005622/0001209191-24-005622-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total transaction value is $59,216.
The latest market snapshot at Tuesday morning reveals ScanSource shares down by 1.73%, trading at $46.0.
<h3>About ScanSource</h3>
ScanSource Inc provides value-added services for technology manufacturers and sells to resellers in specialty technology markets. The firm's operations are organized in two segments: Specialty Technology Solutions and Modern Communications and Cloud. It generates maximum revenue from the Specialty Technology Solutions segment. The Specialty Technology Solutions segment includes the Company's business in mobility and barcode, POS, payments, security and networking technologies. Geographically, it derives a majority of revenue from the United States.
<h3>Key Indicators: ScanSource's Financial Health</h3>
Decline in Revenue: Over the 3 months period, ScanSource faced challenges, resulting in a decline of approximately -15.01% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Insights into Profitability:
<ul>
<li>
Gross Margin: The company shows a low gross margin of 12.55%, suggesting potential challenges in cost control and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): ScanSource's EPS reflects a decline, falling below the industry average with a current EPS of 0.51.
</li>
</ul>
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.15.
Exploring Valuation Metrics Landscape:
<ul>
<li>
Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 15.15 is lower than the industry average, indicating potential undervaluation for the stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 0.34 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): ScanSource's EV/EBITDA ratio at 7.85 suggests potential undervaluation, falling below industry averages.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Delving Into the Significance of Insider Transactions</h3>
Insider transactions are not the sole determinant of investment choices, but they are a factor worth considering.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
<h3>Navigating the World of Insider Transaction Codes</h3>
Digging into the details of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their attention to those taking place in the open market, as outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000918965">Check Out The Full List Of ScanSource's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Brandy Ford Takes Money Off The Table, Sells $59K In ScanSource Stock

Disclosed on May 13, PETER BROWNING, Board Member at ScanSource (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCSC#NASDAQ">SCSC</a>), executed a substantial insider sell as per the latest SEC filing.
What Happened: BROWNING's decision to sell 7,490 shares of ScanSource was revealed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0000918965/000120919124005623//Archives/edgar/data/918965/000120919124005623/0001209191-24-005623-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total value of the sale is $347,835.
The latest update on Tuesday morning shows ScanSource shares down by 1.73%, trading at $46.0.
<h3>Delving into ScanSource's Background</h3>
ScanSource Inc provides value-added services for technology manufacturers and sells to resellers in specialty technology markets. The firm's operations are organized in two segments: Specialty Technology Solutions and Modern Communications and Cloud. It generates maximum revenue from the Specialty Technology Solutions segment. The Specialty Technology Solutions segment includes the Company's business in mobility and barcode, POS, payments, security and networking technologies. Geographically, it derives a majority of revenue from the United States.
<h3>ScanSource: Financial Performance Dissected</h3>
Decline in Revenue: Over the 3 months period, ScanSource faced challenges, resulting in a decline of approximately -15.01% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 12.55%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): ScanSource's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.51.
</li>
</ul>
Debt Management: ScanSource's debt-to-equity ratio is below the industry average at 0.15, reflecting a lower dependency on debt financing and a more conservative financial approach.
Financial Valuation Breakdown:
<ul>
<li>
Price to Earnings (P/E) Ratio: The P/E ratio of 15.15 is lower than the industry average, implying a discounted valuation for ScanSource's stock.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 0.34 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 7.85, ScanSource could be considered undervalued.
</li>
</ul>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
<a href="https://www.schwab.com/brokerage?aff=XEC">Now trade stocks online commission free with Charles Schwab, a trusted and complete investment firm.</a>
<h3>Why Insider Transactions Are Important</h3>
Emphasizing the importance of a comprehensive approach, considering insider transactions is valuable, but it's crucial to evaluate them in conjunction with other investment factors.
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>Breaking Down the Significance of Transaction Codes</h3>
Taking a closer look at transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often prioritize those unfolding in the open market, meticulously cataloged in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A signifies a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000918965">Check Out The Full List Of ScanSource's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

PETER BROWNING Implements A Sell Strategy: Offloads $347K In ScanSource Stock

&quot;While hardware sales were lower than we expected, our resilient business model delivered strong margins and robust free cash flow,&quot; said Mike Baur, Chair and CEO, ScanSource, Inc. &quot;Our strong balance sheet gives us the capacity and flexibility to execute our disciplined capital allocation plans.&quot;

ScanSource Cuts FY24 Net Sales Outlook From Prior At Least $3.5B To At Least $3.3B, Est $3.604B

This supplements the existing authorization of which approximately&nbsp;$45 million&nbsp;remained outstanding as of March 31, 2024.

Buybacks

ScanSource Announces New $100M Share Purchase Authorization

ScanSource (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCSC#NASDAQ">SCSC</a>) reported quarterly earnings of $0.69 per share which missed the analyst consensus estimate of $0.84 by 17.86 percent. This is a 28.13 percent decrease over earnings of $0.96 per share from the same period last year. The company reported quarterly sales of $752.599 million which missed the analyst consensus estimate of $822.710 million by 8.52 percent. This is a 15.01 percent decrease over sales of $885.519 million the same period last year.

ScanSource Q3 2024 Adj EPS $0.69 Misses $0.84 Estimate, Sales $752.599M Miss $822.710M Estimate

ScanSource shares are trading lower after the company reported worse-than-expected Q2 FY24 results and cut its FY24 guidance.

Updated Annual Financial&nbsp;Outlook&nbsp;for Fiscal Year 2024
ScanSource updates its expectations for net sales and adjusted EBITDA for the full fiscal year ending June 30, 2024 and replaces previously provided&nbsp;guidance:
<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
FY24 Annual&nbsp;Outlook
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
Prior FY24 Annual&nbsp;Outlook
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net sales
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
At least&nbsp;$3.5 billion
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
At least&nbsp;$3.8 billion
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted EBITDA (Non-GAAP)
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
At least&nbsp;$155 million
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
At least&nbsp;$170 million
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Free cash flow
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
At least&nbsp;$200 million
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
At least&nbsp;$200 million
</td>
</tr>
</tbody>
</table>

ScanSource Expects FY24 Net Sales of at Least $3.5B (Prior at Least $3.8B) Vs $3.71B Est

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
ScanSource (NASDAQ:<a href="https://investorplace.com/stock-quotes/scsc-stock-quote/">SCSC</a>) just reported results for the third quarter of 2024.<ul><li>ScanSource reported earnings per share of 69 cents. This was below the analyst estimate for EPS of 84 cents.</li><li>The company reported revenue of $752.60 million.</li><li>This was 9.26% worse than the analyst estimate for revenue of $822.71 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/scsc-stock-earnings-scansource-for-q3-of-2024/">SCSC Stock Earnings: ScanSource Misses EPS, Misses Revenue for Q3 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

SCSC Stock Earnings: ScanSource Misses EPS, Misses Revenue for Q3 2024

ScanSource, Inc. (SCSC) Q3 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Despite high interest rates, which hit small-cap stocks harder than their larger brethren, the Russell 2000 index of the market&rsquo;s smallest companies is making its move. Since the end of April, the small-cap benchmark has kept pace with the S&amp;P 500 and has been ahead till last week&rsquo;s dip.&nbsp;



Over time, small-cap stocks <a href="https://investorplace.com/2024/05/small-caps-big-dreams-7-unstoppable-russell-2000-stocks-to-buy-in-may/">tend to outperform</a> bigger companies. Including a mix of these upstarts is a good way to juice your portfolio&rsquo;s performance. Because the Russell 2000 has lagged the index of the 500 largest companies for the past few years, it should be ready to resume its leadership role, the Fed&rsquo;s higher-for-longer interest rate policies notwithstanding.



Therefore, the following three companies are Russell 2000 stocks to buy now and hold for the long term.



<h2>Vista Outdoor (VSTO)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/06/vsto-1600-stock-1-300x169.jpg" alt="the Vista Outdoor logo is displayed on a smartphone"><div>Source: IgorGolovniov / Shutterstock.com</div></div>Outdoor equipment and lifestyle leader Vista Outdoor (NYSE:<a href="https://investorplace.com/stock-quotes/vsto-stock-quote/">VSTO</a>) is amid an interesting strategic maneuver. It wants to spin off its shooting sports business into a separately traded standalone company called Kinetic Group, but MNC Capital Group wants to <a href="https://investorplace.com/2024/04/ammunition-shakeup-3-ammo-stocks-to-watch-as-vista-outdoor-unloads-its-business/">buy the whole company</a>. It recently raised its offer to $3 billion or $37.50 per share.



If you&rsquo;re the gambling kind, you could buy Vista stock (to be renamed Revelyst if the spinoff occurs instead) for the arbitrage play as VSTO trades at $34.90 per share after last Friday&rsquo;s close. The lower price suggests the market thinks the deal won&rsquo;t happen.



The spinoff is not a sure thing, either. Last October, Prague-based Czechoslovak Group offered to buy Kinetic for $1.9 billion. The problem is that Vista&rsquo;s shooting sports business has some of the most important ammunition products with leading brands such as Federal and Remington, and the Committee on Foreign Investment in the United States may not approve the sale to a foreign company. The deal remains under review.



Vista Outdoor (or Revelyst) could be a smart play on the growth in outdoor leisure activities. Even though the stock is up 18% this year, it trades at just eight times trailing earnings, a fraction of its sales, and a bargain-basement five times the free cash flow (FCF) it produces. Whether there is a spinoff, a spinoff buyout or the company as a whole being bought, profit will be made in its stock.



<h2>ScanSource (SCSC)</h2>



<a href="https://investorplace.com/wp-content/uploads/2015/09/090815-scansource-logo.jpg"><img width="185" height="185" src="https://investorplace.com/wp-content/uploads/2015/09/090815-scansource-logo.jpg" alt=""></a>Barcode scanner maker ScanSource (NASDAQ:<a href="https://investorplace.com/stock-quotes/scsc-stock-quote/">SCSC</a>) is a surprising high-growth small-cap stock. It sells into a dozen industries, including manufacturing, warehouse and distribution, retail and e-commerce, hospitality, transportation and more. The challenging macroeconomic environment of elevated inflation and high interest rates impacted its end users, who expressed caution over IT spending. So, although management expected a weaker market, it was surprised by the 15% drop in fiscal third-quarter sales.



However, profitability remains strong, with gross margins of 12.6%, higher than management expected. Free cash flow production was also robust.



Management expects business to return to growth because the supply chain disruptions of the past few years are now at different stages for its customers. <a href="https://investorplace.com/2024/03/future-titans-3-tech-stocks-ready-to-dominate-the-next-decade/">Normalcy will soon return</a>. The market agrees because after shares initially tumbled following the report, they bounced back and continued their upward trajectory.



ScanSource stock is up 25% in 2024 and is 75% higher over the past year. There is no reason it shouldn&rsquo;t continue its climb higher.



<h2>Rocky Brands (RCKY)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/12/russell-2000-1600-300x169.png" alt="An investor's analyzing the russell 2000 etf fund on a screen. A phone shows the prices of Russell 2000. russell 2000 stocks"><div>Source: Maurice NORBERT / Shutterstock.com</div></div>Footwear manufacturer Rocky Brands (NASDAQ:<a href="https://investorplace.com/stock-quotes/rcky-stock-quote/">RCKY</a>) owns well-known shoe and boot brands, including its namesake banner Rocky, Georgia Boot, Durango and the Original Muck Boot Company. It sells primarily wholesale through sporting goods stores, outdoor specialty stores, work-related retailers and more. The wholesale channel represents almost 73% of total sales. It also has its retail channel of stores and websites that make up the bulk of the balance.



Yet the challenging retail environment has made it difficult for Rocky Brands, and sales tumbled last year. Business is picking up in 2024, and Rocky plans for future growth. Sales adjusted for the divestiture of its Servus brand rose 7.6%, while profits surged over 76%. It recorded earnings of $0.41 per share compared to $0.12 last year.



The market expects a turnaround, too. Shares are up 19% this year and a remarkable 84% over the past year on its improved outlook. With future store growth, look for Rocky Brands to soar.



On the date of publication, Rich Duprey held a LONG position in VSTO stock. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Rich Duprey has written about stocks and investing for the past 20 years. His articles have appeared on Nasdaq.com, The Motley Fool, and Yahoo! Finance, and he has been referenced by U.S. and international publications, including MarketWatch, Financial Times, Forbes, Fast Company, USA Today, Milwaukee Journal Sentinel, Cheddar News, The Boston Globe, L&rsquo;Express, and numerous other news outlets.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/3-unstoppable-russell-2000-stocks-to-buy-before-june/">3 Unstoppable Russell 2000 Stocks to Buy Before June</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Unstoppable Russell 2000 Stocks to Buy Before June

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Uncovering prospective next-gen <a href="https://investorplace.com/industries/technology/">tech stocks</a> may greatly influence an investor&rsquo;s portfolio in the fast-paced world of stock investing. These businesses have advantages for significant development in the market, in addition to having good foundations.



Whether it is robust revenue models, effective cost control, or calculated expansions, knowing what makes these businesses unique is essential for investors. One of the top leaders in data streaming and integration, it has a growing customer base of high-value clients and significant gross margin increases to show off its potential.



Meanwhile, another company on the list uses its advantages in integrated circuit production to maintain growth in the face of market headwinds. The final choice, which focuses on technology distribution, exhibits robustness through its careful capital allocation plans and strong profitability measures.



The companies&rsquo; financial performance and strategic advancements provide insight into what makes them exceptional options among prospective millionaire-makers. In today&rsquo;s competitive stock market climate, making well-informed decisions requires understanding these firms&rsquo; development paths and fundamentals.



<h2>Confluent (CFLT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/big-data-visual-300x169.png" alt="An image of different overlaid data charts"><div>Source: solarseven/Shutterstock</div></div>Confluent (NASDAQ:<a href="https://investorplace.com/stock-quotes/cflt-stock-quote/">CFLT</a>) specializes in data streaming and integrating large-scale data flows. The company&rsquo;s operating margin improved by&nbsp;<a href="https://investors.confluent.io/news-releases/news-release-details/confluent-announces-first-quarter-2024-financial-results" target="_blank">22 percentage points</a>&nbsp;to 1.5% in Q1 2024. This increase is a more than 20-point improvement for the fourth straight quarter.



The overall gross margin increased by 4.7% to 76.9%. Hence, these margin increases demonstrate how well Confluent can scale and manage its cost structure as it expands.&nbsp;



Moreover, clients with an annual recurring revenue of at least $100,000 increased by&nbsp;17% to 1,260. The expansion in the number of customers, particularly in high-value areas, reflects Confluent&rsquo;s capacity to draw in and keep bigger businesses.&nbsp;



Confluent is a next-gen tech stock whose potential stems from its robust gross margin improvements and strategic focus on expanding its high-value enterprise clients.



<h2>Photronics (PLAB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/04/tech-stocks1600-1-300x169.png" alt=""><div>Source: sdecoret / Shutterstock.com</div></div>The photomask manufacturer, Photronics (NASDAQ:<a href="https://investorplace.com/stock-quotes/plab-stock-quote/">PLAB</a>) operates in the semiconductor industry. Photronics showed tenacity in its revenue success, despite obstacles like the disasters in Taiwan and weak demand after the Chinese New Year.



The firm reported <a href="https://photronicsinc.gcs-web.com/news-releases/news-release-details/photronics-reports-second-quarter-fiscal-2024-results" target="_blank">$217 million</a>&nbsp;in total sales for the second quarter of fiscal 2024. This represents a tiny sequential gain and a manageable 5% reduction year over year. Within this, revenue for the IC segment came to $160.9 million, indicating a 2% increase from the prior quarter despite a 4% decline from the same time in the previous year.&nbsp;



Further, Photronics can take advantage of advantageous market conditions in the face of more general industry constraints.&nbsp;Reflected in the IC segment&rsquo;s top-line growth, this&nbsp;is&nbsp;being driven&nbsp;by mainstream solid demand and increases in market share.



On the other hand, short-term factors like&nbsp;<a href="https://seekingalpha.com/article/4695019-photronics-plab-q2-2024-earnings-call-transcript?source=content_type%3Areact%7Csection%3ATranscripts%7Csection_asset%3ATranscripts%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A1" target="_blank">weak high-end trends</a>&nbsp;made worse by the effects of earthquakes and difficulties with foreign exchange meant that income fell. Photronics overcame these obstacles to maintain a steady&nbsp;gross margin.&nbsp;This&nbsp;was in line with the prior quarter&rsquo;s results, according to the company, demonstrating efficient cost-control techniques in the face of sales volatility.



In short, the company&rsquo;s ability to capitalize on mainstream IC demand and maintain stable gross margins solidifies its presence on the next-gen tech stocks list.



<h2>ScanSource (SCSC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/tech1600a-300x169.jpg" alt="Image of hand touching globe with a city in the background, implying connectivity"><div>Source: Shutterstock</div></div>The leading hybrid distributor, ScanSource (NASDAQ:<a href="https://investorplace.com/stock-quotes/scsc-stock-quote/">SCSC</a>), leads in technology distribution. Despite the overall drop in net revenues, ScanSource maintained a healthy gross profit margin, which&nbsp;is essential for maintaining profitability and funding more projects.



The gross profit margin for&nbsp;<a href="https://www.scansource.com/~/media/Project/scansource/scansourceweb/scansource-corp/investors/earnings/scsc-exhibit-991-3312024-final.pdf" target="_blank">Q3 of FY 2024 was 12.6%</a>, which exceeded expectations because of a favorable mix of Intelisys recurring sales. This margin management demonstrates ScanSource&rsquo;s ability to modify its pricing and product mix strategies successfully, maximizing profitability even in times of decreased demand.



Moreover, with&nbsp;<a href="https://www.scansource.com/~/media/Project/scansource/scansourceweb/scansource-corp/investors/earnings/scsc-exhibit-991-3312024-final.pdf" target="_blank">$159 million</a>&nbsp;in cash and a net debt leverage ratio below zero on a trailing 12-month adjusted EBITDA basis, ScanSource continues to maintain a solid balance sheet. This financial stability offers room for strategic activities like share repurchases and acquisitions.



The conservative capital allocation strategy also entails keeping a solid balance sheet with moderate&nbsp;<a href="https://finance.yahoo.com/news/scansource-inc-nasdaq-scsc-q3-153830765.html" target="_blank">borrowing and investing</a>&nbsp;in high-margin, recurring revenue companies. Hence, this strategy reduces financial risks while promoting long-term growth.



Overall, Scansource&rsquo;s inclusion in the potential next-gen tech stocks&nbsp;list is attributed&nbsp;to its strong gross profit margins and investments in high-margin recurring revenue businesses.



On the date of publication, Yiannis Zourmpanos did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.



On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article.
<div>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/3-next-gen-tech-stocks-that-could-mint-millionaires/">3 Next-Gen Tech Stocks That Could Mint Millionaires</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Next-Gen Tech Stocks That Could Mint Millionaires

ScanSource (SCSC – Research Report) received a Hold rating and price target from Raymond James analyst Adam Tindle today. The company's shares clos...

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