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

ScanSource

27/08/2024 15:21

* Scansource Inc  SCSC.OQ  reported quarterly adjusted
earnings of
80 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 76
cents.  The mean expectation of three analysts for the quarter
was for earnings of 93 cents per share. Wall Street expected
results to range from 73 cents to $1.17 per share.
    * Revenue fell 21.2% to $746.11 million from a year ago;
analysts
expected $843.14 million. 
    * Scansource Inc's reported EPS for the quarter was 64
cents​.
    * The company reported quarterly net income of $16.1
million.
    * Scansource Inc shares had risen by 10.4% this quarter and
gained 23.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.4%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the computer
hardware
peer group is also "hold"

Wall Street's median 12-month price target for Scansource Inc is
$50.00 
This summary was machine generated from LSEG data August 27 at
02:20 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.93           0.80           Missed
 Mar. 31 2024      0.84           0.69           Missed
 Dec. 31 2023      0.97           0.85           Missed
 Sep. 30 2023      0.90           0.74           Missed