These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ZBRA’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Zebra Technologies could be a solid choice for investors.
Current Quarter Estimates for ZBRA
In the past 30 days, 2 estimates have gone higher for Zebra Technologies compared to no downward revision. The trend has been pretty favorable too, with estimates increasing from 61 cents a share 30 days ago, to 82 cents today, a move of 34.4%.
Current Year Estimates for ZBRA
Meanwhile, Zebra Technologies’ current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, increasing/narrowing from $3.04 per share 30 days ago to $3.37 per share today, an increase of 10.9%.
Bottom Line
The stock has also started to move higher lately, adding 29.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
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