ScanSource (NASDAQ:SCSC) is set to give its latest quarterly earnings report on Thursday, 2024-11-07. Here's what investors need to know before the announcement.
Analysts estimate that ScanSource will report an earnings per share (EPS) of $0.77.
Anticipation surrounds ScanSource's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.
Earnings Track Record
During the last quarter, the company reported an EPS missed by $0.13, leading to a 8.35% increase in the share price on the subsequent day.
Here's a look at ScanSource's past performance and the resulting price change:
| Quarter | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| EPS Estimate | 0.93 | 0.84 | 0.97 | 0.91 |
| EPS Actual | 0.80 | 0.69 | 0.85 | 0.74 |
| Price Change % | 8.0% | 4.0% | 2.0% | 5.0% |
Market Performance of ScanSource's Stock
Shares of ScanSource were trading at $44.61 as of November 05. Over the last 52-week period, shares are up 77.82%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for ScanSource visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
