Zebra Technologies Expects Q3 Net Sales Growth Of 25%-28% YoY Vs $1.191B Est, Adj EPS Of $3.00-$3.30 Vs $3.06 Est
Portfolio Pulse from Benzinga Newsdesk
Zebra Technologies expects Q3 2024 net sales growth of 25%-28% YoY, with adjusted EPS of $3.00-$3.30, surpassing the $3.06 estimate. The company also anticipates a favorable impact from foreign currency translation and an adjusted EBITDA margin of 20%-21%.
July 30, 2024 | 10:25 am
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Zebra Technologies expects significant Q3 2024 net sales growth of 25%-28% YoY, with adjusted EPS of $3.00-$3.30, surpassing the $3.06 estimate. The company also anticipates a favorable impact from foreign currency translation and an adjusted EBITDA margin of 20%-21%.
The strong sales growth forecast and adjusted EPS exceeding estimates are likely to positively impact Zebra Technologies' stock price in the short term. The favorable foreign currency impact and solid EBITDA margin further strengthen the positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100