Zebra Technologies Sees Q1 Adj. EPS Below Market; Raises Annualized Organic Net Sales Growth View

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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