ScanSource (NASDAQ:SCSC) Issues Earnings Results, Beats Expectations By $0.07 EPS

ScanSource (NASDAQ:SCSC) issued its quarterly earnings data on Thursday. The industrial products company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07, Briefing.com reports. The company had revenue of $775.58 million during the quarter, compared to the consensus estimate of $774.90 million. ScanSource had a net margin of 2.36% and a return on equity of 8.32%. ScanSource’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 earnings per share. ScanSource updated its FY 2025 guidance to EPS.

ScanSource Stock Performance

SCSC traded up $1.27 on Friday, hitting $52.04. 240,892 shares of the company traded hands, compared to its average volume of 210,928. The company has a quick ratio of 1.33, a current ratio of 2.10 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $1.25 billion, a PE ratio of 16.68, a PEG ratio of 1.56 and a beta of 1.42. The company has a 50 day moving average of $47.15 and a 200-day moving average of $46.71. ScanSource has a 12-month low of $27.86 and a 12-month high of $53.48.

Wall Street Analysts Forecast Growth

Separately, Raymond James downgraded ScanSource from an “outperform” rating to a “market perform” rating in a research note 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.