Zebra Technologies Corp Expects Q3 Net Sales To Decline 30%-35% Y/Y Vs $1.32B Est, Adj EPS $0.60-$1.00 Vs $3.77 Est; FY23 Net Sales Decline Of 20%-23% Y/Y Vs $5.5B Est
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Zebra Technologies Corp has projected a significant decline in its Q3 net sales by 30%-35% year-on-year, which is lower than the estimated $1.32B. The company also expects its adjusted EPS to be between $0.60-$1.00, significantly lower than the estimated $3.77. Furthermore, Zebra anticipates a 20%-23% decline in FY23 net sales, lower than the estimated $5.5B.
August 01, 2023 | 10:03 am
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Zebra Technologies Corp's lower than expected Q3 net sales and adjusted EPS forecasts, as well as the anticipated decline in FY23 net sales, could negatively impact its stock price in the short term.
Zebra Technologies Corp's lower than expected Q3 net sales and adjusted EPS forecasts, as well as the anticipated decline in FY23 net sales, indicate a potential decrease in the company's profitability. This could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100