Zebra Technologies (ZBRA) Earnings Expected to Grow: Should You Buy?

Core Viewpoint - Zebra Technologies (ZBRA) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the earnings report expected on October 29, 2024 [1] Group 1: Earnings Expectations - The consensus estimate for Zebra's quarterly earnings is $3.24 per share, reflecting a year-over-year increase of +272.4% [2] - Expected revenues for the quarter are $1.21 billion, which represents a 26.5% increase from the same quarter last year [2] Group 2: Estimate Revisions - The consensus EPS estimate has been revised 0.33% lower in the last 30 days, indicating a reassessment by analysts [3] - The Most Accurate Estimate for Zebra is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +2.01% [5] Group 3: Earnings Surprise Prediction - A positive Earnings ESP is a strong indicator of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [5] - Zebra currently holds a Zacks Rank of 3, suggesting a likelihood of beating the consensus EPS estimate [6] Group 4: Historical Performance - In the last reported quarter, Zebra exceeded the expected earnings of $2.82 per share by delivering $3.18, resulting in a surprise of +12.77% [7] - Over the past four quarters, Zebra has consistently beaten consensus EPS estimates [7]