Scansource Inc expected to post earnings of 84 cents a share - Earnings Preview

ScanSource

03/05/2024 15:41

* Scansource Inc  SCSC.OQ   SCSC.O  is expected to show a
fall in
quarterly revenue when it reports  results on May 7 for the
period ending March 31 2024
    * The Greenville South Carolina-based  company is expected
to
report a 7.1% decrease in revenue to $822.71 million from
$885.52 million a year ago, according to the mean estimate from
3 analysts, based on LSEG data.The company's guidance on
February 6 2024, for the period ended March 31, was for revenue
between $814.01 million and $831.70 million.
    * ​LSEG's mean analyst estimate for Scansource Inc is for
earnings
of 84 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Scansource
Inc is
$41.50​, below​ its last closing price of $42.44. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.97        0.97       0.85      Missed  -12.4
 Sep. 30 0001  0.90        0.90       0.74      Missed  -18.1
 Jun. 30 2023  0.66        0.75       0.76      Beat    1.3​
 Mar. 31 2023  0.90        0.91       0.96      Beat    5.9
 ​​Dec.        1.05        1.04       1.06      Beat    2.3
 31 2022                                                
 Sep. 30 2022  1.05        1.05       1.07      Beat    2.2​
 Jun. 30 2022  0.98        0.97       0.91      Missed  -6.2
 Jan. 1 0001   0.67        0.67       1.04      Beat    55.2
 This summary was machine generated May 3 at 14:41 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)