Zebra Technologies Corporation

(NASDAQ Global Select)
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Bullish +75

Zebra Technologies Analysts Raise Their Forecasts After Upbeat Q1 Results

AI-generated analysis

πŸ“ˆ Zebra Technologies reported Q1 adjusted earnings per share of $4.75, beating the consensus estimate of $4.25.

πŸ’° Revenue reached $1.49 billion, surpassing analyst expectations of $1.48 billion.

πŸš€ The company raised its full-year 2026 EPS guidance to a range of $18.30-$18.70 from the previous $17.70-$18.30.

πŸ’΅ Management expects full-year revenue growth between 10% and 14%, while Q2 revenue is projected to grow 14%-17%.

🏭 CEO Bill Burns highlighted strong organic growth driven by the manufacturing end market and synergy from Elo Touch.

πŸ“Š Zebra shares rose 3.5% in trading volume, closing at $250.27 following the positive earnings announcement.

🏒 Baird analyst Richard Eastman maintains an Outperform rating with a raised price target of $310.

πŸ’Ό Barclays analyst Guy Hardwick keeps an Overweight rating and updated its price target to $345.

βš–οΈ Truist Securities analyst Jamie Cook maintains a Hold rating but increased the price target to $267.

πŸ” Overall, analysts have collectively raised their forecasts and price targets after Zebra's strong Q1 performance.

πŸ›‘οΈ The company positions its technology as a foundation for intelligent frontline operations to help customers operate efficiently.

Bullish Signals
  • Zebra Technologies reported adjusted earnings per share of $4.75, significantly beating the consensus estimate of $4.25.
  • Revenue reached $1.49 billion, surpassing the expected $1.48 billion in a better-than-expected quarter.
  • Management raised fiscal-year 2026 adjusted earnings guidance to between $18.30 and $18.70, above the consensus estimate of $17.74.
  • The company expects revenue growth between 10% and 14% for the fiscal year, with second-quarter revenue growth forecast between 14% and 17%.
  • Shares gained 3.5% to trade at $250.27 following the positive earnings announcement.
  • Major analysts raised price targets, including Baird raising from $300 to $310 and Barclays from $330 to $345.
  • CEO Bill Burns highlighted strong organic growth across segments led by strength in the manufacturing end market.
  • Elo Touch provided solid profitable growth as synergies begin to drive the division forward.
Risk Factors
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Full Analysis
Zebra Technologies Corporation (NASDAQ:ZBRA) reported first-quarter financial results that exceeded market expectations, with analysts subsequently raising their fiscal-year 2026 guidance. The company posted adjusted earnings per share of $4.75, surpassing the consensus estimate of $4.25, while revenue reached $1.49 billion against a consensus of $1.48 billion. Consequently, Zebra raised its full-year adjusted EPS guidance from the previous range of $17.70 to $18.30 to a new range between $18.30 and $18.70, well above the consensus estimate of $17.74. The company now expects revenue growth between 10% and 14% for the fiscal year, with specific guidance for the second quarter setting adjusted EPS between $4.20 and $4.50 compared to a consensus of $4.15, alongside anticipated revenue growth of 14% to 17%. CEO Bill Burns attributed the strong performance to durable demand for innovative technology, highlighting organic growth across all segments and regions, with particular strength in the manufacturing end market. He noted that Elo Touch contributed solid profitable growth as synergies began to materialize, reinforcing the value Zebra delivers for intelligent operations on the frontline. Following the earnings release, Zebra shares gained 3.5% to trade at $250.27 on Wednesday. Market reaction was positive among institutional analysts who adjusted their price targets upward; Baird analyst Richard Eastman maintained an Outperform rating and raised his target from $300 to $310, while Barclays analyst Guy Hardwick kept an Overweight rating and increased his target from $330 to $345. Truist Securities analyst Jamie Cook issued a Hold rating but also raised the price target from $256 to $267 following the announcement.