Enterprise data capture company Zebra Technologies (NASDAQ:ZBRA) will be reporting earnings this Tuesday morning. Here’s what you need to know.
Zebra beat analysts’ revenue expectations last quarter, reporting revenues of $1.50 billion, up 14.3% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ EPS guidance for next quarter estimates.
Is Zebra a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Zebra’s revenue to grow 15.9% year on year, improving from the 6.2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Zebra has a history of exceeding Wall Street’s expectations.
Looking at Zebra’s peers in the tech hardware & electronics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Mirion delivered year-on-year revenue growth of 19.7%, missing analysts’ expectations by 1%, and TD SYNNEX reported revenues up 31%, topping estimates by 16.6%. Mirion traded down 13.2% following the results.
Read our full analysis of Mirion’s results here and TD SYNNEX’s results here.
There has been positive sentiment among investors in the tech hardware & electronics segment, with share prices up 2.6% on average over the last month. Zebra is up 8.7% during the same time and is heading into earnings with an average analyst price target of $332.44 (compared to the current share price of $293.82).
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