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(ZBRA) on Thursday beat Wall Street's sales and earnings targets for the fourth quarter. Zebra earnings guidance also was strong. Early Thursday, Zebra stock broke out to a buy zone and record high.XThe Lincolnshire, Ill.-based maker of asset tracking technology earned an adjusted $3.10 a share on sales of $1.14 billion in the December quarter. Analysts expected Zebra earnings of $2.93 a share on sales of $1.12 billion. On a year-over-year basis, earnings per share rose 33% while sales climbed 11%.Zebra stock surged 6.8% to 196.47 on the stock market today. It moved past a 184.85 buy point out of a 14-week consolidation period. In intraday trading, Zebra stock notched an all-time high of 203.The relative strength line for Zebra stock has been carving new highs in a bullish sign. It has an IBD Relative Strength Rating of 93, meaning it has outperformed 93% of stocks in the past 12 months.Zebra Guides Higher For March QuarterFor the current quarter, Zebra expects to earn an adjusted $2.85 a share on sales of $1.05 billion. That's based on the midpoint of guidance. Wall Street was modeling Zebra earnings of $2.69 a share on sales of $1.04 billion in the March quarter."Our momentum continues into 2019 with our leading portfolio of solutions and strong order backlog," Chief Executive Anders Gustafsson said in a news release. "We are well-positioned to accelerate our strategy through organic and inorganic investments to drive our enterprise asset intelligence vision."Zebra makes rugged mobile computers, RFID tracking chips, and bar code scanners and printers enhanced with software and services to enable real-time enterprise visibility of inventory and other assets. It offers products and services for retail, health care, manufacturing, transportation and other industries.Company Strength From Diversification"We have been very deliberate in diversifying our business," Chief Financial Officer Olivier Leonetti told Investor's Business Daily. In particular, Zebra sees big opportunities in the public sector and health care markets for its products and services, he said.Zebra also has expanded to serve more small and medium-sized businesses, he said."Clearly the company today is serving strong end markets," Leonetti said. "We are enabling our customers to achieve some of their strategic goals."Temptime Acquisition To Close SoonFor 2019, Zebra expects sales to rise 4% to 7%. The forecast does not include its planned acquisition of Temptime, which is expected to close in the first quarter.Temptime makes temperature-monitoring systems for mission-critical applications in the health care industry. Zebra announced its intent to acquire privately held Temptime on Jan. 28. Financial terms of the deal were not disclosed.Morris Plains, N.J.-based Temptime has annual revenue of over $40 million and should contribute about 15 to 20 cents in earnings per share.Temptime today is focused on the health care market, but Zebra sees opportunities for its products in food management, Leonetti said.YOU MIGHT ALSO LIKE:Tech Titan, New IPO Signal Breakouts On Strong EarningsLooking For The Next Big Stock Market Winners? Start With These 3 StepsHow To Trade Stocks: Spot Traits Of Proper Handles In Good BasesWatch All IBD Educational Videos On YouTubeThe post Zebra Technologies Earnings, Guidance Strong; Stock Clears Buy Point appeared first on Investor's Business Daily. Weiter zum vollständigen Artikel bei "Investors Business Daily"
Quelle: Investors Business Daily