The brokerage projects revenue of $865 million, and adjusted EPS of $1.00, while First Call consensus expectations include revenue of $869 million and adjusted EPS of $1.05.
The company guided second quarter net sales to be down 3 percent to flat from a base of $894 million in the second quarter of 2015. Adjusted EBITDA margin is expected in a range from 15–16 percent, with adjusted EPS from $1.00–$1.20, which includes the impact from foreign currency.
For FY16, Barrington forecast total revenue of $3.57 billion, and adjusted EPS of $5.08. Management expects net sales excluding purchase accounting adjustments to be in a range of down 3 percent to positive 1 percent growth from comparable net sales of $3.668 billion for FY/15. Implied full-year guidance ranges include $3.56 billion–$3.70 billion of revenue.
"We believe Zebra's market leadership position and portfolio breadth provide positive longer-term prospects with an anticipated migration of 12–15 billion mobile devices to new operating systems by 2020," analyst Matthew Gall wrote in a note.
Gall maintains his Outperform rating and price target of $75 on the stock, which is currently up 0.68 percent to $57.82. Based on Friday's close, the $75 target price implies a potential upside of 30.5 percent.
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