ScanSource, Inc. (NASDAQ:SCSC) is reporting first quarter financial results on Monday 9th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, SCSC is expected to report 1Q21 income of $ 0.35 per share from revenue of $ 728.67 million.
For the full year, analysts anticipate top line of $ 2891.10 million, while looking forward to income of $ 1.92 per share bottom line.
Previous Quarter Performance
ScanSource, Inc. disclosed income for the fourth quarter of $ 0.19 per share, from the revenue of $ 636.45 million. The quarterly earnings declined 73.24 percent while revenues reduced 33.76 percent compared with the same quarter last year.
Street analysts expected ScanSource, Inc. to report income of $ 0.21 per share on revenue of $ 679.95 million for the fourth quarter. The bottom line results missed street analysts by $ 0.02 or 9.52 percent, at the same time, top line results fell short of analysts by $ 43.5 million or 6.4 percent.
Stock Performance
On Friday, shares of ScanSource, Inc. has traded high as $ 23.22 and has cracked $ 22.63 on the downward trend, reaching $ 23.14 with volume of 86.80 thousand shares.
According to the previous trading day, closing price of $ 23.14, representing a 66.91 % increase from the 52 week low of $ 13.78 and a 41.04 % decrease over the 52 week high of $ 39.01.
The company has a market capital of $ 587.15 million and is part of the Technology sector and Computer Distribution industry.
Conference Call
ScanSource, Inc. will be hosting a conference call at 5:00 PM eastern time on 9th November 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.scansource.com
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).
