Glassdoor is a career neighborhood that depends on absolutely everyone getting in a position to share an inside look at a company they know. Zebra reported non-GAAP EPS of $1.05, up 14% year-more than-year but $.13 shy of the typical analyst estimate. Now what: Zebra guided for revenue between $900 million and $930 million for the third quarter, representing year-more than-year growth of 4%-7% on a constant-currency basis. With Zebra swinging to a large GAAP loss, missing non-GAAP earnings estimates, and guiding for revenue growth properly under the growth price of the legacy business for the duration of the second quarter, investors are clearly disappointed.
Integrating an acquisition certainly requires time, and the market’s reaction may possibly be a bit overdone, but it is not surprising that the stock is slumping provided the weak guidance. Zebra Technologies Corporation ( ZBRA – Snapshot Report ) could be a stock to steer clear of from a technical viewpoint, as the firm is seeing unfavorable trends on the moving average crossover front. This has already started to take spot, as the stock has moved reduced by 4.four% in the past four weeks.
And with the recent moving typical crossover, investors have to feel that far more unfavorable trading is ahead for ZBRA stock. If that wasn’t enough, Zebra Technologies is not hunting as well excellent from an earnings estimate revision viewpoint either. It appears as though many analysts have been reducing their earnings expectations for the stock lately, which is usually not a excellent sign of factors to come. That is why we at present have a Zacks Rank #five (Robust Sell) on this stock and are looking for it to underperform in the weeks ahead.
So either steer clear of this stock or consider jumping ship until the estimates and technical aspects turn around for ZBRA. NEW YORK ( TheStreet ) – Shares of Zebra Technologies ( ZBRA – Get Report ) were falling 16.four% to $92 on heavy trading volume Tuesday right after the tracking and printing technologies business missed analysts’ estimates for earnings in the second quarter. Zebra Technologies reported earnings of $1.05 a share for the second quarter, under analysts’ estimates of $1.28 a share for the quarter.
About 1.6 million shares of Zebra Technologies were traded by ten:31 a.m. Tuesday, above the company’s typical trading volume of about 467,000 shares a day. At the moment the firm Insiders personal 5% of Zebra Technologies Corporation shares according to the proxy statements. Zebra Technologies Corporation has lost two.97% in the last 5 trading days and dropped 9.74% in the last four weeks.