Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Further, with a current average price target of $358.20, Zebra Technologies stock offers its investors 40.06% upside potential.ĭisclaimer: The TipRanks Smart Score performance is based on backtested results. With four Buy ratings and one Hold, Zebra Technologies stock is considered a Strong Buy by analyst consensus. One of the biggest causes of trouble for Zebra here came from foreign currency issues, and it’s a trouble that Zebra expects will persist into the full year.ĭespite this, analysts are undaunted. Still bad news, but perhaps not quite as bad as the next quarter’s projections. The full year’s sales figures will also be down, but only between 2% and 6%. Conversely, analyst models suggested a sales drop of only 4%. Zebra looks for net sales for the second quarter to be down between 9% and 11% against the preceding year’s sales figures. Then we got into guidance, and that’s where all hell broke loose. Worse, though, was that revenue was down 1.4% against the same time the previous year. Revenue offered a similarly close call, coming at $1.41 billion, just ahead of the $1.4 billion analysts expected. Zebra was down over 10% at the time of writing, all thanks to that dose of cold water that was the post-earnings guidance.Įarnings came in at $3.94 per share, which was a narrow beat over analysts’ projections calling for $3.92. But when it was revealed that the next quarter wasn’t likely to deliver such wins, investors took their money and ran. It was one thing for tech stock Zebra Technologies ( NASDAQ:ZBRA) to roll out a winning quarter.
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