ZEBRA TECHNOLOGIES Announces Q2 2023 Earnings Results
August 22, 2023
🌥️Earnings Overview
On June 30, 2023, ZEBRA TECHNOLOGIES ($NASDAQ:ZBRA) revealed their income figures for the second quarter of the fiscal year 2023. The total revenue for the quarter was USD 1214.0 million, representing a 17.3% decrease compared to the same period in the prior year. Net income was reported as USD 144.0 million, an improvement from the loss of USD 98.0 million in the prior year.
Share Price
On Tuesday, ZEBRA TECHNOLOGIES announced their Q2 2023 earnings results. The stock opened at $245.0 and closed at $254.8, a 17.3% plunge from the previous closing price of 308.0. This decrease in stock price was due to the company’s earnings report which revealed that it had missed its sales and earnings targets. This was a disappointment to investors, as ZEBRA TECHNOLOGIES had previously been making strong gains.
However, despite the drop in stock price, the company still has strong prospects for growth in the future. ZEBRA TECHNOLOGIES has stated that they intend to continue pursuing a strategy of investing in research and development, as well as expanding their product offerings. They are also looking to capitalize on new technologies and innovation within the industry. With their focus on innovation, it is likely that they will be able to make a successful recovery and continue growing. Overall, despite the decrease in stock price on Tuesday, ZEBRA TECHNOLOGIES still has potential for growth in the future if they continue to invest in research and development and capitalize on new technologies. Investors should keep an eye on their progress and may be able to benefit from any further gains made in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Zebra Technologies. More…
| Total Revenues | Net Income | Net Margin |
| 5.5k | 650 | 12.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Zebra Technologies. More…
| Operations | Investing | Financing |
| 224 | -91 | -168 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Zebra Technologies. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.46k | 4.46k | 58.28 |
Key Ratios Snapshot
Some of the financial key ratios for Zebra Technologies are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.3% | 11.1% | 16.8% |
| FCF Margin | ROE | ROA |
| 2.7% | 19.6% | 7.7% |
Analysis
At GoodWhale, we recently conducted an analysis of ZEBRA TECHNOLOGIES‘ wellbeing. Our Risk Rating system shows that ZEBRA TECHNOLOGIES is a medium risk investment in terms of financial and business aspects. We have also detected 1 risk warning in the balance sheet of the company, and we encourage all our users to check it out. To view this risk warning, you will need to become a registered user on our platform. More…
Peers
Its main competitors are TSC Auto ID Technology Corp, Maxar Technologies Inc, and Urovo Technology Co Ltd.
– TSC Auto ID Technology Corp ($TPEX:3611)
TSC Auto ID Technology Corp is a Taiwanese company that manufactures auto-identification products, including barcode printers, barcode scanners, and labels. The company has a market cap of 7.77B as of 2022 and a Return on Equity of 17.53%. TSC Auto ID Technology Corp’s products are used in a variety of industries, including retail, healthcare, manufacturing, logistics, and transportation.
– Maxar Technologies Inc ($NYSE:MAXR)
Maxar Technologies Inc is a leading technology and innovation company that provides advanced solutions for government and commercial customers worldwide. The company has a market capitalization of 1.5 billion as of 2022 and a return on equity of 6.04%. Maxar Technologies Inc is involved in the design, manufacture, and operation of satellites and related products and services for government and commercial customers. The company’s products and services include satellite payloads and platforms, ground infrastructure, and space-based services. Maxar Technologies Inc is headquartered in Westminster, Colorado.
– Urovo Technology Co Ltd ($SZSE:300531)
Urovo Technology Co Ltd is a Chinese company that specializes in the development and manufacture of mobile data terminals and other related products. The company has a market cap of 4.32 billion as of 2022 and a return on equity of 5.52%. Urovo Technology Co Ltd is a publicly traded company listed on the Shenzhen Stock Exchange.
Summary
Investors in ZEBRA TECHNOLOGIES were disappointed when the company announced its second quarter earnings results for fiscal year 2023, revealing a decrease of 17.3% in total revenue and an improvement in net income from a loss to a gain. The stock price responded accordingly, moving down on the same day. Although the company has seen a decrease in total revenue, it is still making progress with net income. This is a good sign for investors, suggesting the company is managing its finances well and may be a good long-term investment.
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