- Net sales increased to $1.22 billion, slightly above the $1.18 billion estimate.
- Tangible products net sales were $983 million, a slight decrease of 0.3% year-over-year but surpassed the $943 million estimate.
- Services and software net sales rose by 2.6% to $234 million, slightly below the $241.5 million estimate.
- Adjusted EPS dropped to $3.18 from $3.29 year-over-year but exceeded the $2.81 estimate.
- Adjusted gross margin improved to 48.6%, above both the prior year’s 48% and the 47% estimate.
- Adjusted Ebitda was $250 million, a decrease of 2.7% year-over-year, but higher than the $228.8 million estimate.
- Adjusted Ebitda margin was 20.5%, slightly down from the previous year’s 21.2%, but better than the 19.4% estimate.
- R&D expenses rose by 12% year-over-year to $146 million, topping the $137.1 million estimate.
- Analyst ratings: 9 buys, 8 holds, 1 sell.
Zebra Technologies Corp on Smartkarma
Analyst coverage of Zebra Technologies Corp on Smartkarma reveals insights from Baptista Research. In the report titled “Zebra Technologies Corporation: Will The Growth In Asia Market,” Baptista Research notes the impact of ongoing softness across markets on Zebra’s first-quarter financial performance for 2024. Despite a double-digit decline in sales and profitability, the company sees a gradual recovery in demand and a surge in large order activity, indicating positive momentum for the quarter.
Further, in the report “Zebra Technologies: Embedding Value Through Customized Solutions! – Major Drivers,” Baptista Research highlights Zebra Technologies’ latest quarterly and year-end financial results for 2023. The results show a significant impact from broad-based softness across end markets and regions, with sales of $1 billion demonstrating a 33% decline from the prior year. However, services and software remain bright spots in the revenue perspective, showcasing resilience amidst challenging market conditions.
A look at Zebra Technologies Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| 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
Based on the Smartkarma Smart Scores, Zebra Technologies Corp shows a promising long-term outlook. With a momentum score of 4, the company is performing well in terms of the speed at which its stock price is moving in a positive direction. This indicates positive market sentiment and potential for growth in the future. Zebra also scores well in the growth category with a rating of 3, reflecting the company’s potential for expansion and development over the long term. However, areas such as value and dividend scores are lower, suggesting that investors may need to consider other aspects of the company before making investment decisions.
Zebra Technologies Corporation specializes in designing and producing a range of technology products including mobile computers, data capture devices, barcode printers, and software applications. The company’s focus on innovation and technological solutions positions it well for future growth and success. By leveraging its strengths in momentum and growth, Zebra Technologies Corp demonstrates potential for sustained performance in the market. Investors should keep an eye on how the company capitalizes on its strengths to drive long-term value for stakeholders.
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.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
