ScanSource (SCSC) Scheduled to Post Earnings on Thursday

ScanSource (NASDAQ:SCSC - Get Free Report) is set to issue its quarterly earnings data before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.77 per share for the quarter. ScanSource has set its FY 2025 guidance at EPS.Investors that are interested in participating in the company's conference call can do so using this link.

ScanSource (NASDAQ:SCSC - Get Free Report) last released its quarterly earnings results on Tuesday, August 27th. The industrial products company reported $0.80 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.13). ScanSource had a return on equity of 8.32% and a net margin of 2.36%. The company had revenue of $746.11 million during the quarter, compared to analysts' expectations of $838.60 million. During the same quarter in the prior year, the company earned $0.76 EPS. The firm's revenue was down 21.2% compared to the same quarter last year. On average, analysts expect ScanSource to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

ScanSource Stock Down 4.2 %

NASDAQ:SCSC traded down $1.87 during mid-day trading on Thursday, reaching $42.41. The stock had a trading volume of 194,814 shares, compared to its average volume of 209,999. The stock's 50 day simple moving average is $47.59 and its two-hundred day simple moving average is $46.53. ScanSource has a 1-year low of $27.86 and a 1-year high of $53.28. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 1.39 and a beta of 1.41. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.10 and a quick ratio of 1.33.

Analysts Set New Price Targets

Separately, Raymond James cut shares of ScanSource from an "outperform" rating to a "market perform" rating in a report on Thursday, August 15th.

About ScanSource

ScanSource, Inc engages in the distribution of technology products and solutions in the United States, Canada, and Brazil. 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.