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

ScanSource

09/05/2023 15:49

* Scansource Inc  SCSC.OQ  reported quarterly adjusted
earnings of
96 cents​​ per share for the quarter ended in March. The mean
expectation of three analysts for the quarter was for earnings
of 91 cents per share.
    * Revenue rose 4.7% to $885.52 million from a year ago;
analysts
expected $881.05 million. 
    * Scansource Inc's reported EPS for the quarter was 83
cents​.
    * The mean earnings estimate of analysts had fallen by
about 8.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Scansource Inc shares had fallen by 13.3% this quarter and
lost 9.7% so far this year.
    * The company reported quarterly net income of $21.22
million.
    * Wall Street's median 12-month price target for Scansource
Inc is
$40.00 
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
9 at 02:49 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.91           0.96           Beat
 Dec. 31 2022      1.04           1.06           Beat
 Sep. 30 2022      1.05           1.07           Beat
 Jun. 30 2022      0.97           0.91           Missed