Zebra Technologies Readies for Quarterly Earnings Report and Analyst Insights
Zebra Technologies to Release Q4 Financial Results
Zebra Technologies Corporation (NASDAQ: ZBRA) is gearing up for its fourth-quarter financial announcements, with significant expectations surrounding this release. While the exact date for this report has been set, it's important to highlight the anticipated figures leading to this event.
Expected Financial Performance
According to analysts, Zebra Technologies is projected to post quarterly earnings of $3.94 per share. This is a notable increase from the previous year’s figure of $1.71 per share. Moreover, the tech giant is forecasting quarterly revenue of approximately $1.32 billion, reflecting growth from $1.01 billion in the year prior.
Strategic Acquisition of Photoneo
On January 7, Zebra Technologies made headlines by announcing its plans to acquire Photoneo, a prominent innovator in 3D machine vision technology. This strategic move is expected to bolster Zebra's portfolio in automated data capture and enhance its capabilities in providing advanced solutions to its customers.
Stock Market Response
In recent trading sessions, Zebra Technologies shares experienced a slight decline, closing at $352.92, marking a 0.4% drop. This fluctuation reflects the market's cautious sentiment as the quarter end approaches.
Analyst Ratings Overview
A look at the latest assessments from Wall Street reveals mixed sentiments, with some analysts holding a cautious outlook:
- Truist Securities analyst Jamie Cook maintained a Hold rating while slightly nudging the price target from $408 to $409.
- Morgan Stanley's Meta Marshall has an Equal-Weight rating, upping the price target from $400 to $427, emphasizing a steady growth outlook.
- Barclays analyst Tim Long also retained an Equal-Weight rating, adjusting the price target from $347 to $407.
- TD Cowen’s Joseph Giordano maintained a Buy rating with a price target adjustment from $380 to $425, indicating a more optimistic view.
- Baird's analyst Richard Eastman kept an Outperform rating, changing the target price from $380 to $415, suggesting he sees promise in the company’s performance.
Analyst Consensus on ZBRA Stock
Considering a move towards ZBRA stock? Analysts are divided in their opinions, but general sentiment indicates cautious optimism as the earnings report approaches. This is a pivotal moment that can influence market performance and investor confidence.
Frequently Asked Questions
What are Zebra Technologies' earnings expectations?
The company aims to report earnings of $3.94 per share, significantly higher than the past year’s $1.71.
What recent acquisition has Zebra Technologies announced?
Zebra Technologies announced the acquisition of Photoneo, a leader in 3D machine vision solutions.
How did Zebra Technologies' stock perform recently?
Shares of Zebra Technologies closed at $352.92, showing a 0.4% decline in value.
What do analysts say about ZBRA stock?
Analyst ratings vary from Hold to Outperform, indicating a mix of cautiousness and optimism about the stock.
When is Zebra Technologies set to release its financial results?
Zebra Technologies is expected to release its fourth-quarter financial results before the market opens on the designated date.
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