ScanSource (SCSC) Set to Announce Earnings on Thursday

ScanSource (NASDAQ:SCSC) will release its earnings data before the market opens on Thursday, November 7th. Analysts expect ScanSource to post earnings of $0.77 per share for the quarter. ScanSource has set its FY 2025 guidance at EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

ScanSource (NASDAQ:SCSC) last posted its earnings results on Tuesday, August 27th. The industrial products company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.13). ScanSource had a return on equity of 8.32% and a net margin of 2.36%. The business had revenue of $746.11 million for the quarter, compared to analysts’ expectations of $838.60 million. During the same quarter in the previous year, the firm earned $0.76 EPS. ScanSource’s revenue for the quarter was down 21.2% 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 Up 1.6 %

SCSC stock opened at $44.19 on Tuesday. The stock has a market cap of $1.06 billion, a P/E ratio of 14.54, a PEG ratio of 1.34 and a beta of 1.42. The company has a current ratio of 2.10, a quick ratio of 1.33 and a debt-to-equity ratio of 0.15. ScanSource has a twelve month low of $27.86 and a twelve month high of $53.28. The company’s 50 day moving average is $47.37 and its two-hundred day moving average is $46.61.

Analysts Set New Price Targets

Separately, Raymond James downgraded shares of ScanSource from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 15th.

ScanSource Company Profile

ScanSource, Inc engages in the distribution of technology products and solutions in the United States, Canada, and Brazil. 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.