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Should You Buy #1 (Strong Buy)-Ranked Zebra Technologies (ZBRA) for Your Portfolio?
Zebra Technologies was upgraded to the Zacks Rank #1 list on November 5, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Headquartered in Lincolnshire, IL, Zebra Technologies Corporation is the leading provider of enterprise asset intelligence solutions in the automatic identification and data capture solutions industry throughout the world. The company has a diversified portfolio of product and solutions that includes cloud-based subscriptions and a full range of services like maintenance, repair, technical support, as well as managed and professional services. The products and solutions, which are sold across 180 countries, are designed to help its customers achieve enhanced operational efficiency, increased asset utilization, optimized workflows and improved regulatory compliance. As of 2023-end, it had around 9,750 employees globally.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $1.31 to $14.04 per share. ZBRA boasts an average earnings surprise of 10.2%.
Earnings are forecasted to see growth of 43% for the current fiscal year, and sales are expected to increase 8.1%.
Even more impressive, ZBRA has gained in value over the past four weeks, up 8.4% compared to the S&P 500's gain of 1.7%.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Zebra Technologies could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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Zebra Technologies Corporation (ZBRA) : Free Stock Analysis Report