ScanSource (SCSC) Set to Announce Earnings on Thursday

ScanSource (NASDAQ:SCSC) is set to 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.Parties that are interested in participating in the company’s conference call can do so using this link.

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

SCSC stock opened at $44.61 on Wednesday. The company has a market capitalization of $1.07 billion, a P/E ratio of 14.67, a price-to-earnings-growth ratio of 1.34 and a beta of 1.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.33 and a current ratio of 2.10. ScanSource has a 52-week low of $27.86 and a 52-week high of $53.28. The business has a 50-day simple moving average of $47.21 and a two-hundred day simple moving average of $46.66.

Analyst Upgrades and Downgrades

Separately, Raymond James downgraded 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.