Zebra Technologies (((ZBRA), Manufacturers of enterprise systems for tracking inventories and other critical assets exceeded Wall Street’s first-quarter target on Tuesday. It also led higher this quarter and throughout the year. ZBRA stocks were not active in early trading.
Based in Lincolnshire, Illinois, the company generated $ 1.35 billion in March quarter sales and $ 4.79 adjusted per share. Analysts expected Zebra revenue of $ 4.34 per share for $ 1.33 billion in sales. Year-over-year, Zebra’s revenue increased 79% and sales increased 28%.
Zebra expects to generate $ 4.10 adjusted earnings per share with sales of $ 1.34 billion in the second quarter, based on the midpoint of the outlook. This means a 70% year-on-year increase in revenue and a 40% increase in sales. Analysts expected Zebra revenue of $ 3.62 per share for $ 1.25 billion in sales.
Zebra forecasts sales growth of 18% to 22% from 2020 for the full year. Wall Street modeled Zebra’s sales growth of 13.7% to $ 5.07 billion in 2021.
ZBRA shares flat despite “very strong” outlook
Anders Gustavsson, CEO, said: news release..
“This momentum, coupled with our very strong second-quarter sales growth expectations and, coupled with a promising business pipeline, could raise our full-year 2021 outlook for both sales and profitability, he said. You can do it. “
In pre-market transactions Stock market today, ZBRA stock remained unchanged at 479.05.
Zebra stock suffered a failed breakout
April 19th, ZBRA shares Cup base so Purchase points According to 516.88 IBD Market Smith chart. However, Trading volume It was 55% below the average. Occur I lacked belief. The ZBRA stock hit a record high of 518.66 before closing by reversing the day 0.8% lower than the previous closing price.
Zebra creates real-time visibility into inventory and other assets by creating RFID tracking tags that link to rugged mobile computers, barcode scanners and printers, and enterprise systems. We provide systems for retail, healthcare, manufacturing, transportation and other industries.
Follow Patrick Seitz on Twitter. @IBD_PSeitz Read more articles on consumer technology, software and semiconductor stocks.
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ZBRA Stock News: Zebra Technologies Tramples First Quarter Revenue Estimates
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