ScanSource (SCSC) to Release Earnings on Tuesday

ScanSource (NASDAQ:SCSC) will be releasing 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 that wish to register for the company’s earnings conference call can do so using this link.

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

ScanSource Stock Performance

NASDAQ SCSC opened at $42.87 on Monday. The stock has a fifty day simple moving average of $42.41 and a 200-day simple moving average of $38.52. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.17. The stock has a market cap of $1.08 billion, a PE ratio of 12.32, a P/E/G ratio of 1.26 and a beta of 1.51. ScanSource has a twelve month low of $26.14 and a twelve month high of $45.10.

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.