Enterprise data capture company Zebra Technologies (NASDAQ: ZBRA) will be reporting earnings this Tuesday before market open. Here’s what you need to know.
Zebra beat analysts’ revenue expectations last quarter, reporting revenues of $1.56 billion, up 20.4% year on year. It was an incredible quarter for the company, with a solid beat of analysts’ organic revenue estimates and a beat of analysts’ EPS estimates.
Is Zebra a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Zebra’s revenue to grow 19% year on year, improving from the 5.2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Zebra has a history of exceeding Wall Street’s expectations.
Looking at Zebra’s peers in the tech hardware & electronics segment, some have already reported their Q3 results, giving us a hint as to what we can expect. OSI Systems delivered year-on-year revenue growth of 4.9%, beating analysts’ expectations by 2.6%, and Mirion reported revenues up 24.5%, topping estimates by 1.1%. OSI Systems traded down 4.2% following the results while Mirion was up 8.7%.
Read our full analysis of OSI Systems’s results here and Mirion’s results here.
Investors in the tech hardware & electronics segment have had steady hands going into earnings, with share prices up 1.3% on average over the last month. Zebra is down 6.4% during the same time and is heading into earnings with an average analyst price target of $414.85 (compared to the current share price of $351.73).
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