ScanSource (NASDAQ:SCSC) Updates Q1 Earnings Guidance

ScanSource (NASDAQ:SCSC) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.70-$0.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.90. The company issued revenue guidance of $970-$1.03 billion, compared to the consensus revenue estimate of $1.00 billion.ScanSource also updated its Q1 2020 guidance to $0.70-0.75 EPS.

Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of ScanSource from a sell rating to a hold rating in a research report on Tuesday. BidaskClub upgraded shares of ScanSource from a sell rating to a hold rating in a research report on Friday, July 26th. Raymond James cut their price objective on shares of ScanSource from $44.00 to $36.00 and set an outperform rating on the stock in a research report on Wednesday. TheStreet downgraded shares of ScanSource from a b- rating to a c+ rating in a research report on Friday, May 17th. Finally, Northcoast Research downgraded shares of ScanSource from a buy rating to a neutral rating in a research report on Monday, May 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. ScanSource presently has a consensus rating of Hold and an average price target of $39.00.

Shares of NASDAQ:SCSC opened at $30.75 on Friday. The company has a market cap of $803.71 million, a PE ratio of 9.15 and a beta of 0.95. The company’s 50-day moving average price is $32.16 and its 200 day moving average price is $34.57. ScanSource has a fifty-two week low of $28.40 and a fifty-two week high of $44.30. The company has a quick ratio of 0.99, a current ratio of 2.06 and a debt-to-equity ratio of 0.38.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings data on Tuesday, August 20th. The industrial products company reported $0.71 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.83 by ($0.12). The firm had revenue of $960.80 million during the quarter, compared to the consensus estimate of $999.63 million. ScanSource had a net margin of 1.49% and a return on equity of 9.64%. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.77 earnings per share. As a group, equities analysts anticipate that ScanSource will post 3.67 EPS for the current year.

ScanSource Company Profile

ScanSource, Inc distributes technology products and solutions in North America, Latin America, and Europe. It operates in two segments, Worldwide Barcode, Networking & Security (WW Barcode, Networking & Security); and Worldwide Communications & Services (WW Communications & Services).

Featured Article: Economic Bubble

Earnings History and Estimates 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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit