ZBRA Stock Recent News

Zebra (ZBRA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Zebra Technologies experienced a 16% decline in net sales year-over-year to $1.2 billion in Q1 2024, but the worst part of this downturn may be over. CEO Bill Burns predicts modest revenue growth and improved profitability in 2024, based on improving order trends in the retail sector.

Zebra Technologies Corporation (NASDAQ:ZBRA ) Q1 2024 Earnings Conference Call April 30, 2024 8:30 AM ET Company Participants Mike Steele - Vice President of Investor Relations Bill Burns - Chief Executive Officer Nathan Winters - Chief Financial Officer Conference Call Participants Jamie Cook - Truist Securities Damian Karas - UBS Keith Housum - Northcoast Research Tommy Moll - Stephens Brad Hewitt - Wolfe Research Jim Ricchiuti - Needham & Company Joe Giordano - TD Cowen Andrew Buscaglia - BNP Paribas Brian Drab - William Blair Meta Marshall - Morgan Stanley Rob Mason - Baird Ken Newman - KeyBanc Capital Markets Operator Good day and welcome to the First Quarter 2024 Zebra Technologies Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

Zebra Technologies' (ZBRA) Q1 revenues decline 16.4% year over year due to softness across end markets.

Zebra Technologies (ZBRA) came out with quarterly earnings of $2.84 per share, beating the Zacks Consensus Estimate of $2.46 per share. This compares to earnings of $3.94 per share a year ago.

Weakness in the Asset Intelligence & Tracking and Enterprise Visibility & Mobility segments are likely to have hurt Zebra Technologies' (ZBRA) first-quarter performance.

Zebra Technologies (ZBRA) benefits from strength in the Asset Intelligence and Tracking segment. Its measures to reward its shareholders are encouraging.

Zebra (ZBRA) gains from solid demand for RFID and software products, and cost-saving initiatives. However, weak demand for data capture and mobile computing solutions affects its performance.

Baird analyst Richard Eastman raised his price target, signaling confidence in Zebra's growth potential. A recovering retail sector is expected to drive the barcode-scanning and data management expert's financial performance upward.

Zebra Technologies outperformed modest Wall Street expectations in its recent fourth-quarter earnings report. The company's strategic AI advancements, including a unique partnership with Qualcomm, are setting the stage for a transformative 2024.