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zacks

Scansource Enters Oversold Territory

  • By Abhijit Ghosh
  • On 11:38 am EDT, Monday October 5, 2009

Scansource Inc.’s (NasdaqGS: SCSC - News) share price has entered into oversold territory with a stochastic value of 8.03. The Zacks #1 Rank (“Strong Buy) company has topped the Zacks Consensus Estimate in each of the last 4 quarters with an average surprise of 26.7%, or 8 cents per share. Moreover, the Zacks Consensus Estimate on the company’s earnings for the year ending June 2010 has climbed 10 cents over the past 2 months to $1.66 per share.

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