ScanSource (SCSC) Misses Q2 Earnings and Revenue Estimates

Core Viewpoint - ScanSource reported quarterly earnings of $0.85 per share, missing the Zacks Consensus Estimate of $0.89 per share, representing an earnings surprise of -4.49% [1][2] Financial Performance - The company posted revenues of $747.5 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 10.78%, and a decline from year-ago revenues of $879.58 million [2] - Over the last four quarters, ScanSource has surpassed consensus EPS estimates only once [2] Stock Performance - ScanSource shares have increased by approximately 5.4% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.79 on revenues of $778.8 million, and for the current fiscal year, it is $3.51 on revenues of $3.24 billion [7] - The estimate revisions trend for ScanSource is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Industrial Services industry, to which ScanSource belongs, is currently in the bottom 15% of over 250 Zacks industries, which may negatively impact stock performance [8]