Enterprise data capture company Zebra Technologies (NASDAQ: ZBRA) will be announcing earnings results this Tuesday before market open. Here’s what investors should know.
Zebra beat analysts’ revenue expectations last quarter, reporting revenues of $1.48 billion, up 10.6% year on year. It was a very strong quarter for the company, with revenue guidance for next quarter exceeding analysts’ expectations and a solid beat of analysts’ organic revenue 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 13.1% year on year, improving from the 11.3% increase it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Zebra has a history of exceeding Wall Street’s expectations.
Looking at Zebra’s peers in the specialized technology segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Cognex delivered year-on-year revenue growth of 24.3%, beating analysts’ expectations by 9.3%, and PAR Technology reported revenues up 19.4%, topping estimates by 6.3%. Cognex traded up 3.3% following the results while PAR Technology was down 4.1%.
Read our full analysis of Cognex’s results here and PAR Technology’s results here.
There has been positive sentiment among investors in the specialized technology segment, with share prices up 7.6% on average over the last month. Zebra is down 1.3% during the same time and is heading into earnings with an average analyst price target of $325.31 (compared to the current share price of $223.13).
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