Zebra Tech Q1 Outlook: Adj. EPS $2.30 - $2.60 Vs. $2.08 Estimate, Revenue Decline 17%-20%
Portfolio Pulse from Benzinga Newsdesk
Zebra Technologies (ZBRA) projects a decline in Q1 2024 net sales by 17%-20% year-over-year, with an adjusted EPS of $2.30-$2.60, surpassing the $2.08 estimate. The adjusted EBITDA margin is expected to be around 18%, factoring in a 50 basis point benefit from foreign currency translation and an adjusted effective tax rate of about 16%.
February 15, 2024 | 11:33 am
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Zebra Technologies anticipates a significant sales decline in Q1 2024 but expects to beat EPS estimates with $2.30-$2.60 against a $2.08 forecast.
Despite the anticipated decline in sales, Zebra Technologies' projection of an adjusted EPS that exceeds analyst estimates suggests a positive outlook on profitability. This could lead to a short-term positive impact on the stock as investors may focus on the higher-than-expected earnings per share, indicating efficient cost management and operational resilience.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100