Zebra Technologies (ZBRA) Tops Q3 EPS by 49c, Offers Guidance

Zebra Technologies (NASDAQ: ZBRA) reported Q3 EPS of $4.55, $0.49 better than the analyst estimate of $4.06. Revenue for the quarter came in at $1.44 billion versus the consensus estimate of $1.4 billion.

GUIDANCE:

Zebra Technologies sees Q4 2021 EPS of $4.20-$4.50, versus the consensus of $4.17.

• The company expects fourth quarter 2021 adjusted net sales to increase 8% to 12% from the fourth quarter of 2020 as we continue to experience strong broad-based demand for our solutions. This expectation includes an approximately 2 percentage point additive impact from foreign currency translation and reflects industry-wide supply chain challenges.
• Adjusted EBITDA margin for the fourth quarter of 2021 is expected to be slightly higher than 21%, which includes approximately $55 million of premium freight expense. Non-GAAP earnings per diluted share are expected to be in the range of $4.20 to $4.50. This assumes an adjusted effective tax rate of approximately 18%.
• For the full-year 2021, free cash flow is now expected to be at least $950 million.

For earnings history and earnings-related data on Zebra Technologies (ZBRA) click here.

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