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Lincolnshire, Illinois-based Zebra Technologies Corporation (ZBRA) provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. Valued at $21.7 billion by market cap, Zebra operates through Asset Intelligence & Tracking, and Enterprise Visibility & Mobility segments.
The tech major is set to unveil its fourth-quarter results before the market opens on Thursday, Feb. 13. Ahead of the event, analysts expect Zebra to report a non-GAAP profit of $3.66 per share, up a staggering 161.4% from $1.40 per share reported in the year-ago quarter. Furthermore, the company has surpassed analysts’ EPS estimates in each of the past four quarters. Its adjusted EPS of $3.16 for the last reported quarter surpassed the consensus estimates by 9%.
For the full fiscal 2024, Zebra is expected to report an adjusted EPS of $11.80, up 33.9% from $8.81 in fiscal 2023. While in fiscal 2025, its earnings are expected to increase 25.6% year-over-year to $14.82 per share.
ZBRA stock has soared 64.4% over the past 52-week period, significantly outperforming the Technology Select Sector SPDR Fund’s (XLK) 19.8% gains and the S&P 500 Index’s ($SPX) 25.8% surge during the same time frame.
Zebra Technologies stock prices soared 5.8% after the release of its impressive Q3 results on Oct. 29. Driven by the continued recovery in demand, Zebra observed a 31.3% year-over-year surge in total net sales to nearly $1.3 billion, which surpassed Wall Street’s expectations. Furthermore, the company has observed robust improvement in profitability, its gross margin expanded by a staggering 418 basis points to 48.8%. This led to a 43.6% year-over-year growth in gross profits, reaching $613 million.
Observing the solid business momentum and growth in demand, Zebra gave impressive Q4 earnings and sales guidance while improving its full-year cash flow outlook, which boosted investor confidence.
The consensus opinion on ZBRA stock is moderately bullish, with an overall “Moderate Buy” rating. Out of the 16 analysts covering the stock, eight recommend “Strong Buy,” one advises “Moderate Buy,” six suggest “Hold,” and one advocates a “Strong Sell” rating. As of writing, ZBRA is trading slightly above its mean price target of $419.21.
