ScanSource (SCSC) Scheduled to Post Quarterly Earnings on Tuesday

ScanSource (NASDAQ:SCSC) is set to release its earnings data before the market opens on Tuesday, May 7th. Analysts expect ScanSource to post earnings of $0.83 per share for the quarter. ScanSource has set its FY 2024 guidance at EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

ScanSource (NASDAQ:SCSC) last announced its earnings results on Tuesday, February 6th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.14). ScanSource had a net margin of 2.45% and a return on equity of 9.18%. The company had revenue of $884.79 million for the quarter, compared to analysts’ expectations of $943.10 million. During the same period in the previous year, the firm earned $1.06 EPS. The firm’s quarterly revenue was down 12.5% on a year-over-year basis. On average, analysts expect ScanSource to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

ScanSource Price Performance

ScanSource stock opened at $42.40 on Tuesday. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.17. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 1.24 and a beta of 1.51. ScanSource has a 12 month low of $26.14 and a 12 month high of $45.10. The business’s 50 day simple moving average is $42.35 and its 200 day simple moving average is $38.18.

About ScanSource

ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies.