Scansource Inc reports results for the quarter ended in June - Earnings Summary

ScanSource

22/08/2023 14:32

* Scansource Inc  SCSC.OQ  reported quarterly adjusted
earnings of
76 cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for earnings
of 75 cents per share.
    * Revenue fell 1.6% to $947.15 million from a year ago;
analysts
expected $897.20 million. 
    * Scansource Inc's reported EPS for the quarter was 75
cents​.
    * The mean earnings estimate of analysts had fallen by
about 17.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Scansource Inc shares had fallen by 3.9% this quarter and
lost 2.8% so far this year.
    * The company reported quarterly net income of $18.81
million.
    * Wall Street's median 12-month price target for Scansource
Inc is
$41.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 22 at 01:32 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.75           0.76           Beat
 Mar. 31 2023      0.91           0.96           Beat
 Dec. 31 2022      1.04           1.06           Beat
 Sep. 30 2022      1.05           1.07           Beat