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ScanSource (SCSC) to report earnings tomorrow: here is what to expect
ScanSource is scheduled to report earnings on Thursday before the market opens. Analysts expect revenue to grow 11.2% year over year, compared with a 4.6% decline in the same quarter last year. Last quarter, revenue rose 17.3% to $953.1 million and beat analysts' expectations.
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What happened
ScanSource is scheduled to report earnings on Thursday before the market opens. Analysts expect revenue to grow 11.2% year over year, compared with a 4.6% decline in the same quarter last year. Last quarter, revenue rose 17.3% to $953.1 million and beat analysts’ expectations.
Confirmed
Global impact / market context
The report will show whether ScanSource’s sales growth is continuing after last quarter’s increase. Revenue above or below expectations could change estimates of future sales and profit, influencing investor views of the company; the article also notes that ScanSource has missed revenue estimates multiple times in the past two years.
Analyst inference
Analysts covering ScanSource generally reconfirmed their estimates over the 30 days before the report, suggesting expectations had changed little. Recent peer results provide sales-growth comparisons, but they do not establish how ScanSource will perform or how its shares will respond.
Analyst inference
What to watch
- Compare reported revenue with the expected 11.2% year-on-year growth and the same-quarter comparison to assess whether the anticipated sales recovery appears in the results. Analyst inference
- Check earnings per share, meaning profit allocated to each share, against analysts’ expectations; ScanSource beat those estimates last quarter, according to the article. Analyst inference
- Compare ScanSource’s reported revenue with Connection’s 23.3% growth and TD SYNNEX’s 37.7% growth, while keeping those peer results separate from ScanSource’s own performance. Analyst inference