Zebra Applied sciences Tramples First-Quarter Earnings Estimates, Guides Larger

Zebra Applied sciences (ZBRA), a maker of enterprise techniques for monitoring stock and different essential belongings, on Tuesday beat Wall Road’s targets for the primary quarter. It additionally guided larger for the present quarter and full 12 months. ZBRA inventory was not energetic in early buying and selling.


The Lincolnshire, Sick.-based firm earned an adjusted $4.79 a share on gross sales of $1.35 billion within the March quarter. Analysts anticipated Zebra earnings of $4.34 a share on gross sales of $1.33 billion. On a year-over-year foundation, Zebra earnings rose 79% whereas gross sales climbed 28%.

For the second quarter, Zebra expects to earn an adjusted $4.10 a share on gross sales of $1.34 billion, based mostly on the midpoint of its outlook. That will translate to year-over-year development of 70% in earnings and 40% in gross sales. Analysts have been anticipating Zebra earnings of $3.62 a share on gross sales of $1.25 billion.

For the complete 12 months, Zebra forecast gross sales to extend 18% to 22% from 2020. Wall Road was modeling Zebra gross sales to develop 13.7% to $5.07 billion in 2021.

ZBRA Inventory Flat Regardless of ‘Exceptionally Sturdy’ Outlook

“We enter Q2 with a powerful order backlog as we see international enterprise demand get better and clients prioritizing spending on our options,” Chief Government Anders Gustafsson mentioned in a news release.

He added, “This momentum drives our exceptionally sturdy Q2 gross sales development expectation, and matched with our encouraging pipeline of enterprise, permits us to boost our full-year 2021 outlook for each gross sales and profitability.”

In premarket buying and selling on the stock market today, ZBRA inventory was unchanged at 479.05.

Zebra Inventory Suffered Failed Breakout

On April 19, ZBRA inventory tried to interrupt out from a cup base at a buy point of 516.88, in keeping with IBD MarketSmith charts. Nonetheless, trading volume was 55% under common, an indication that the breakout lacked conviction. ZBRA inventory notched a document excessive of 518.66 earlier than reversing and ending the day 0.8% decrease than the prior shut.

On April 21, ZBRA inventory triggered a stop-loss sell rule underneath IBD trading principles. On Monday, Zebra closed under its 50-day line for the primary time since early October.

Zebra makes rugged cell computer systems, bar code scanners and printers, and RFID monitoring tags that hyperlink to enterprise techniques to allow real-time visibility of stock and different belongings. It provides techniques for retail, well being care, manufacturing, transportation and different industries.

Observe Patrick Seitz on Twitter at @IBD_PSeitz for extra tales on shopper know-how, software program and semiconductor shares.


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