Zebra Technologies (ZBRA) Q3 Earnings and Revenues Beat Estimates

Core Insights - Zebra Technologies reported quarterly earnings of $3.88 per share, exceeding the Zacks Consensus Estimate of $3.75 per share, and up from $3.49 per share a year ago [1] - The company achieved an earnings surprise of +3.47% for the quarter, having surpassed consensus EPS estimates in all four of the last quarters [2] - Zebra's revenues for the quarter reached $1.32 billion, surpassing the Zacks Consensus Estimate by 0.71% and increasing from $1.26 billion year-over-year [3] Earnings Performance - The earnings surprise of +3.47% indicates strong performance relative to expectations, with a previous quarter surprise of +9.06% [2] - Over the last four quarters, Zebra has consistently exceeded consensus revenue estimates [3] Stock Performance and Outlook - Zebra shares have declined approximately 19.6% year-to-date, contrasting with the S&P 500's gain of 16.9% [4] - The company's future stock performance will largely depend on management's commentary during the earnings call and the outlook for earnings revisions [5][6] Earnings Estimates - Current consensus EPS estimate for the upcoming quarter is $4.23, with expected revenues of $1.38 billion, and for the current fiscal year, the estimate is $15.67 on revenues of $5.29 billion [8] - The estimate revisions trend for Zebra was mixed prior to the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [7] Industry Context - Zebra operates within the Manufacturing - Thermal Products industry, which is currently ranked in the top 38% of over 250 Zacks industries, suggesting a favorable industry outlook [9]