Zebra Applied sciences (ZBRA) Q3 Earnings and Revenues Lag Estimates

Zebra Applied sciences (ZBRA) got here out with quarterly earnings of $4.12 per share, lacking the Zacks Consensus Estimate of $4.55 per share. This compares to earnings of $4.55 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.

This quarterly report represents an earnings shock of -9.45%. 1 / 4 in the past, it was anticipated that this producer of printers for bar codes, plastic playing cards and, radio-frequency identification tags would put up earnings of $4.19 per share when it really produced earnings of $4.61, delivering a shock of 10.02%.

During the last 4 quarters, the corporate has surpassed consensus EPS estimates thrice.

Zebra , which belongs to the Zacks Manufacturing – Thermal Merchandise trade, posted revenues of $1.38 billion for the quarter ended September 2022, lacking the Zacks Consensus Estimate by 6.64%. This compares to year-ago revenues of $1.44 billion. The corporate has topped consensus income estimates thrice during the last 4 quarters.

The sustainability of the inventory’s fast worth motion based mostly on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.

Zebra shares have misplaced about 52.4% because the starting of the 12 months versus the S&P 500’s decline of -18.8%.

What’s Subsequent for Zebra?

Whereas Zebra has underperformed the market up to now this 12 months, the query that involves buyers’ minds is: what’s subsequent for the inventory?

There are not any simple solutions to this key query, however one dependable measure that may assist buyers deal with that is the corporate’s earnings outlook. Not solely does this embody present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.

Empirical analysis reveals a robust correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested score software just like the Zacks Rank, which has a formidable monitor document of harnessing the ability of earnings estimate revisions.

Forward of this earnings launch, the estimate revisions pattern for Zebra: unfavorable. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #5 (Sturdy Promote) for the inventory. So, the shares are anticipated to underperform the market within the close to future. You may see the entire checklist of right this moment’s Zacks #1 Rank (Sturdy Purchase) shares right here.

It will likely be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $5.06 on $1.51 billion in revenues for the approaching quarter and $18.24 on $5.88 billion in revenues for the present fiscal 12 months.

Traders needs to be conscious of the truth that the outlook for the trade can have a cloth influence on the efficiency of the inventory as nicely. When it comes to the Zacks Business Rank, Manufacturing – Thermal Merchandise is at present within the backside 8% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.

One different inventory from the broader Zacks Industrial Merchandise sector, RBC Bearings (RBC), is but to report outcomes for the quarter ended September 2022. The outcomes are anticipated to be launched on November 10.

This maker of bearings and parts is anticipated to put up quarterly earnings of $1.79 per share in its upcoming report, which represents a year-over-year change of +101.1%. The consensus EPS estimate for the quarter has been revised 35.4% decrease during the last 30 days to the present stage.

RBC Bearings’ revenues are anticipated to be $361.32 million, up 124.6% from the year-ago quarter.

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