Zebra Technologies Expects Q4 Net Sales Decline Of 32%-36% YoY Vs. $1.02B Est, Adj EPS $1.40-$1.80 Vs. $1.69 Est
Portfolio Pulse from Benzinga Newsdesk
Zebra Technologies expects a decline in Q4 2023 net sales by 32%-36% YoY, with adjusted EBITDA margin expected to be around 16%. Non-GAAP diluted earnings per share are expected to be in the range of $1.40 to $1.80. Free cash flow is expected to be positive for the second half of 2023, but negative for the full year due to lower profitability and elevated inventory, higher cash taxes, and $180 million of settlement payments.
October 31, 2023 | 10:34 am
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Zebra Technologies expects a significant decline in Q4 2023 net sales and negative free cash flow for the full year, which could negatively impact the company's stock price.
The company's expected decline in net sales and negative free cash flow for the full year indicates potential financial difficulties, which could lead to a decrease in investor confidence and a drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100