ScanSource (SCSC) to Release Earnings on Monday

ScanSource (NASDAQ:SCSC) will post its quarterly earnings results after the market closes on Monday, February 5th. ScanSource has set its Q2 guidance at $0.76-0.82 EPS.

ScanSource (NASDAQ:SCSC) last announced its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.02). The business had revenue of $924.56 million during the quarter, compared to analysts’ expectations of $966.20 million. ScanSource had a net margin of 1.65% and a return on equity of 8.78%. ScanSource’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.68 EPS. On average, analysts expect ScanSource to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of ScanSource (SCSC) opened at $35.15 on Monday. The company has a market capitalization of $892.50, a price-to-earnings ratio of 15.28, a PEG ratio of 3.95 and a beta of 1.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.94 and a quick ratio of 1.08. ScanSource has a 1 year low of $33.55 and a 1 year high of $45.35.

A number of equities research analysts have recently commented on the company. Zacks Investment Research raised ScanSource from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub downgraded ScanSource from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 10th. ValuEngine downgraded ScanSource from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. TheStreet downgraded ScanSource from a “b” rating to a “c+” rating in a research report on Wednesday, November 8th. Finally, Northcoast Research downgraded ScanSource from a “buy” rating to a “neutral” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $45.75.

COPYRIGHT VIOLATION NOTICE: “ScanSource (SCSC) to Release Earnings on Monday” was posted by American Banking News and is the property of of American Banking News. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The original version of this news story can be accessed at https://www.americanbankingnews.com/2018/01/29/scansource-scsc-to-release-earnings-on-monday.html.

ScanSource Company Profile

ScanSource, Inc is a provider of technology products and solutions. The Company and its subsidiaries provide solutions for technology manufacturers and sell to resellers in technology markets, such as point-of-sale (POS) and Barcode, Networking and Security, Communications and Emerging Technologies. It operates through two segments: Worldwide Barcode & Security and Worldwide Communications & Services.

Earnings History for ScanSource (NASDAQ:SCSC)

Receive News & Ratings for ScanSource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ScanSource and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply