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ScanSource Second Quarter 2023 Earnings: Beats Expectations

ScanSource (NASDAQ:SCSC) Second Quarter 2023 Results

Key Financial Results

  • Revenue: US$1.01b (up 17% from 2Q 2022).

  • Net income: US$25.7m (up 11% from 2Q 2022).

  • Profit margin: 2.5% (down from 2.7% in 2Q 2022). The decrease in margin was driven by higher expenses.

  • EPS: US$1.02 (up from US$0.91 in 2Q 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

ScanSource Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 8.6%. Earnings per share (EPS) also surpassed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are down 8.6% from a week ago.

Risk Analysis

Be aware that ScanSource is showing 1 warning sign in our investment analysis that you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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