ScanSource (SCSC) to Release Earnings on Tuesday

ScanSource (NASDAQ:SCSC) is scheduled to release its earnings data before the market opens on Tuesday, May 7th. Analysts expect ScanSource to post earnings of $0.83 per share for the quarter. ScanSource has set its FY 2024 guidance at EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

ScanSource (NASDAQ:SCSC) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.14). ScanSource had a return on equity of 9.18% and a net margin of 2.45%. The firm had revenue of $884.79 million for the quarter, compared to analyst estimates of $943.10 million. During the same period in the prior year, the business earned $1.06 earnings per share. ScanSource’s revenue for the quarter was down 12.5% on a year-over-year basis. On average, analysts expect ScanSource to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

ScanSource Price Performance

ScanSource stock opened at $42.87 on Friday. ScanSource has a 12-month low of $26.14 and a 12-month high of $45.10. The stock has a market capitalization of $1.08 billion, a P/E ratio of 12.32, a P/E/G ratio of 1.25 and a beta of 1.51. The firm’s 50-day moving average is $42.41 and its two-hundred day moving average is $38.48. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.30 and a quick ratio of 1.36.

About ScanSource

ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies.