- Zebra Tech’s net sales for the third quarter were $956 million, a decrease of 31% from the previous year. This beat estimates of $925.9 million.
- The net sales for tangible products were $729 million, a decrease of 37% from the previous year. This was slightly lower than the estimated $732.6 million.
- Services and software net sales increased by 6.1% from the previous year to $227 million, beating the estimated $199.2 million.
- The adjusted earnings per share (EPS) was 87 cents, compared to $4.12 the previous year. This was higher than the estimated 82 cents.
- The adjusted gross margin was 44.8%, slightly lower than the 45.8% of the previous year and the estimated 46%.
- Adjusted Ebitda was $111 million, a decrease of 62% from the previous year. This was higher than the estimated $101.3 million.
- The adjusted Ebitda margin was 11.6%, compared to 21.1% the previous year and slightly higher than the estimated 11.1%.
- Research and development expenses were $127 million, a decrease of 11% from the previous year. This was lower than the estimated $128.9 million.
- Zebra Tech received 8 buys, 5 holds, and 2 sells in stock ratings.
Zebra Technologies Corp on Smartkarma
Analysts at Smartkarma, an independent investment research network, have recently released two research reports on Zebra Technologies Corp. The first report, written by Baptista Research, was titled “Zebra Technologies Corporation: The Future of Mobile Computing Amidst a Demand Downturn! – Major Drivers”. The report highlighted that Zebra Technologies’ results were a major disappointment as the company failed to meet Wall Street’s revenue and earnings expectations, due to weaker demand and cautious consumer spending patterns throughout Zebra’s end markets. The second report, also written by Baptista Research, was titled “Zebra Technologies Corporation: Launch of TC22/TC27 & Other Drivers”. The report outlined that Zebra delivered a solid result and managed an all-around beat in the last quarter, although it adjusted its sales outlook due to softer demand in certain markets. The report also noted that enterprise customers exhibited cautious spending behavior, resulting in a shift from large orders to smaller ones.
A look at Zebra Technologies Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Zebra Technologies Corporation is on the up with a strong long-term outlook, according to the Smartkarma Smart Scores. The company, which designs and manufactures enterprise mobile computers, advanced data capture devices, WLAN products, real-time location systems, related supplies and application software, has scored highly in areas such as Growth and Momentum, with scores of 4 and 3 respectively.
Furthermore, Zebra Technologies Corporation has also scored well in terms of Value, with a score of 2. This suggests that the company is well placed to provide good value to investors over the long-term, making it an attractive option for those looking to invest in the technology sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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