ScanSource (SCSC) Beats Q3 Earnings Estimates

Core Insights - ScanSource (SCSC) reported quarterly earnings of $0.86 per share, exceeding the Zacks Consensus Estimate of $0.77 per share, and up from $0.69 per share a year ago, representing an earnings surprise of 11.69% [1] - The company posted revenues of $704.85 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 11.21%, and down from $752.6 million year-over-year [2] - ScanSource shares have declined approximately 23.9% since the beginning of the year, compared to a decline of 4.3% for the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.87 on revenues of $826.7 million, and for the current fiscal year, it is $3.33 on revenues of $3.14 billion [7] - The estimate revisions trend for ScanSource is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Industrial Services industry, to which ScanSource belongs, is currently ranked in the top 38% of over 250 Zacks industries, suggesting that companies in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8]