ZBRA - Zebra Technologies: A Floor Has Been Found
2024-03-06 04:06:11 ET
Summary
- Zebra Technologies has faced a tough 2023 with sales and earnings declines due to supply chain disruption and changes in e-commerce clients' fortunes post-pandemic.
- A relatively solid guidance for 2024 alleviates concerns and provides a roadmap for sequential improvements.
- Modest sales and earnings growth is predicted for 2024, providing a bottom under the shares as management has to prove on execution.
Towards the end of 2023, I believed that shares of Zebra Technologies ( ZBRA ) had seen a big run in an uncertain period of time. The company has seen a very tough 2023 amidst supply chain disruption and change in fortunes of its (e-commerce) clients post pandemic....
Zebra Technologies: A Floor Has Been Found