Zebra Technologies (ZBRA - Free Report) closed the most recent trading day at $235.57, moving +0.91% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.22%. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq lost 0.23%.
Prior to today's trading, shares of the producer of printers for bar codes, plastic cards and, radio-frequency identification tags had gained 11.72% over the past month. This has outpaced the Industrial Products sector's gain of 8.43% and the S&P 500's gain of 4.87% in that time.
Investors will be hoping for strength from ZBRA as it approaches its next earnings release, which is expected to be April 30, 2019. In that report, analysts expect ZBRA to post earnings of $2.87 per share. This would mark year-over-year growth of 12.11%. Our most recent consensus estimate is calling for quarterly revenue of $1.05 billion, up 7.71% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.48 per share and revenue of $4.47 billion, which would represent changes of +13.35% and +6.07%, respectively, from the prior year.
Any recent changes to analyst estimates for ZBRA should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. ZBRA is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, ZBRA is holding a Forward P/E ratio of 18.7. This valuation marks a premium compared to its industry's average Forward P/E of 17.59.
The Manufacturing - Thermal Products industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 232, which puts it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.