ScanSource, Inc.’s (NASDAQ:SCSC) Share Price Is Matching Sentiment Around Its Earnings
ScanSource, Inc.’s (NASDAQ:SCSC) price-to-earnings (or “P/E”) ratio of 12.7x might make it look like a buy right now compared to the market in the United States, where around half of the companies have P/E ratios above 20x and even P/E’s above 34x are quite common. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.
ScanSource could be doing better as its earnings have been going backwards lately while most other companies have been seeing positive earnings growth. The P/E is probably low because investors think this poor earnings performance isn’t going to get…
