Fool Cheatsheet: ScanSource Earnings
ScanSource (NAS: SCSC) reported earnings on Jan. 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Dec. 31 (Q2), ScanSource met expectations on revenue and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew, and GAAP earnings per share dropped.
Margins dropped across the board.
ScanSource logged revenue of $782.7 million. The three analysts polled by S&P Capital IQ expected sales of $783.1 million. Sales were 14% higher than the prior-year quarter's $683.6 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
EPS came in at $0.77. The four earnings estimates compiled by S&P Capital IQ averaged $0.69 per share. GAAP EPS of $0.77 for Q2 were 3.8% lower than the prior-year quarter's $0.80 per share.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 10.2%, 10 basis points worse than the prior-year quarter. Operating margin was 4.0%, 50 basis points worse than the prior-year quarter. Net margin was 2.7%, 50 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $703.1 million. On the bottom line, the average EPS estimate is $0.63.
Next year's average estimate for revenue is $3.03 billion. The average EPS estimate is $2.74.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 85 members out of 89 rating the stock outperform, and four members rating it underperform. Among 26 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 25 give ScanSource a green thumbs-up, and one gives it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ScanSource is outperform, with an average price target of $42.50.
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At the time this article was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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