Zebra Technologies gains after annual forecast raise
ZBRA•Shares rise after raised annual outlook
Shares of barcode scanner maker Zebra Technologies ZBRA.O rise 7.7% to $314.23 premarket.
- Co raises FY26 sales growth forecast to between 14% and 16%, up from prior forecast of 10% to 14%
- Now expects full year adj. EPS in the range of $20.75 to $21.25, up from previous outlook of $18.30 to $18.70
- The new forecast is above analysts' consensus estimates of $18.56 - data compiled by LSEG
- Q2 adj. EPS of $6.35 and revenue of $1.56 bln both beat expectations
- Average rating of 18 analysts on the stock is a "buy", median PT at $334.67
- As of last close, stock has risen 20.1% YTD, outperforming the Nasdaq's .IXIC 11.5% gain
