ScanSource Inc. Exceeds Analysts' Estimates in First-Quarter Sales

Strategic Insights -

ScanSource Inc. has witnessed a significant surge in its stock prices after forecasting first-quarter sales significantly above analysts' estimates. The distributor of specialty technology products expects revenue for the quarter to be between $487 million and $495 million. This development has sent shares up by over 6 percent, indicating a strong performance by the company in the technology sector.

Key Takeaways:

  • ScanSource Inc. is a leading distributor of AIDC and POS products, as well as voice and data communications products, and electronic security equipment, selling products from manufacturers like Avaya, Epson, IBM, Intel, Metrologic Instruments, NCR, Zebra Technologies, and others to over 16,000 resellers.
  • The company's shares were up 6% after forecasting first-quarter sales significantly above analysts' estimates.
  • ScanSource Inc. expects revenue for the quarter of $487 million to $495 million, surpassing the average analyst estimate.
  • The forecast was made by five analysts, who had previously predicted sales to be lower than the actual figure.
  • ScanSource Inc. distributes a range of specialty technology products, including AIDC products, POS products, voice and data communications products, and electronic security equipment.

Statistics:

  • ScanSource Inc. sells products to over 16,000 resellers.
  • The company expects revenue for the quarter to be between $487 million and $495 million.
  • Shares of ScanSource Inc. rose by over 6 percent after the forecast.
  • Five analysts had previously predicted sales to be lower than the actual figure.

Sources:

  • M2 Communications Ltd (2006)
  • Bellwetherreport.com
  • Hoovers.com
  • Yahoo.com
  • Associated Press
  • Marketwire.com
  • Businesswire.com
  • Securities and Exchange Commission (SC 10-K/10SB)