Zebra Technologies Analysts Raise Their Forecasts After Upbeat Q1 Results

Zebra Technologies Corporation (NASDAQ:ZBRA) on Tuesday reported better-than-expected first-quarter financial results and raised its fiscal-year 2026 adjusted earnings per share guidance above estimates. Zebra reported adjusted earnings per share of $4.75, beating the consensus estimate of $4.25. In addition, it posted revenue of $1.49 billion, beating the consensus estimate of $1.48 billion. Zebra raised its fiscal-year adjusted earnings per share guidance from between $17.70 and $18.30 to between $18.30 and $18.70, versus the consensus estimate of $17.74. It expects revenue growth between 10% and 14%. The company anticipates second-quarter adjusted earnings per share of between $4.20 and $4.50, versus the consensus estimate of $4.15. Zebra expects revenue growth between 14% and 17%. “Our strong first quarter results demonstrate the durability of demand for our innovative technology, with organic growth across our segments and regions, led by strength in our manufacturing end market. Elo Touch also contributed solid profitable growth as we begin to drive synergies,” said Bill Burns, Chief Executive Officer of Zebra Technologies. “These results underscore the value Zebra delivers as the foundation for intelligent operations across the frontline, helping customers operate more efficiently and effectively.” Zebra shares gained 3.5% to trade at $250.27 on Wednesday. These analysts made changes to their price targets on Zebra following earnings announcement. Baird analyst Richard Eastman maintained Zebra with an Outperform rating and raised the price target from $300 to $310. Barclays analyst Guy Hardwick maintained the stock with an Overweight rating and raised the price target from $330 to $345. Truist Securities analyst Jamie Cook maintained Zebra with a Hold and raised the price target from $256 to $267. Considering buying ZBRA stock? Here’s what analysts think: Photo via Shutterstock