Q: Hi 5i
How were ZDC's recent earnings and guidance?
Currently hold small position looking to increase to 2 %....Would you be buyers or holders at current price given a 2 year horizon.
thx
How were ZDC's recent earnings and guidance?
Currently hold small position looking to increase to 2 %....Would you be buyers or holders at current price given a 2 year horizon.
thx
5i Research Answer:
EPS of $0.01 beat estimates of $0.007 and sales of $17.87M missed estimates of $18.48M. Sales grew 73% year-over-year and its Adjusted EBITDA expanded 77% for the year, with a 40% margin. Its fleet grew to 2,786 MobileyeZ towers, and its US expansion plans are moving along nicely. Management noted strong demand in residential homebuilding, logistics, and retail verticals, and the markets appear to like the results. It is not cheap, but this is a name that is continuing to grow and expand, and its manufacturing scale is the key here. We would be comfortable buying here.