While announcing weak profit and higher net sales in its fourth quarter, Zebra Technologies Corp. (ZBRA) issued outlook for first quarter and fiscal 2022, and raised long-term view.
For the first quarter, the company expects adjusted earnings per share are expected to be in the range of $3.70 to $4.00.
On average, nine analysts polled by Thomson Reuters expect earnings of $4.4 per share for the quarter. Analysts' estimates typically exclude special items.
Adjusted net sales are expected to increase 1 percent to 3 percent from last year, and adjusted EBITDA margin to be approximately 20 percent.
For fiscal 2022, the company expects adjusted net sales to increase 3 percent to 7 percent from 2021, and adjusted EBITDA margin to be between 23 percent and 24 percent. Free cash flow is expected to be at least $900 million.
Further, for the long-term, the company raised its annualized organic net sales growth outlook to 5 percent to 7 percent, from 4 percent to 5 percent expected earlier.
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