Scansource Inc reports results for the quarter ended in September 30 - Earnings Summary

ScanSource

07/11/2024 17:19

* Scansource Inc  SCSC.OQ  reported quarterly adjusted
earnings of
84 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 74 cents.  The mean expectation of three analysts for the
quarter was for earnings of 78 cents per share. Wall Street
expected results to range from 74 cents to 81 cents per share.
    * Revenue fell 11.5% to $775.58 million from a year ago;
analysts
expected $799.93 million. 
    * Scansource Inc's reported EPS for the quarter was 69
cents​.
    * The company reported quarterly net income of $16.97
million.
    * Scansource Inc shares had risen by 5.0% this quarter and
gained 27.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.9%
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
52.00 
This summary was machine generated from LSEG data November 7 at
05:19 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
 Sep. 30 2024      0.78           0.84           Beat
 Jun. 30 2024      0.93           0.80           Missed
 Mar. 31 2024      0.84           0.69           Missed
 Dec. 31 2023      0.97           0.85           Missed