Roth Capital Maintains Neutral on ZAGG, Inc. (ZAGG) Ahead of 2Q15 Results

Roth Capital maintains a Neutral rating and $9.00 price target on ZAGG Incorporated (NASDAQ: ZAGG) ahead of 2Q15 results. Analyst Dave King believes that ZAGG is likely to report an upside to revenue and EPS. ZAGG is expected to report 2Q15 earnings on August 4th.

King commented, "We believe ZAGG is likely to report upside to 2Q15 revenue and EPS, helped by continued strength of iPhone 6 as well as strong initial sell-in of screen protectors, cases, and power management products at 7,000 Walgreens locations. Meanwhile, gross margin is likely trending higher than current consensus of 34.8%. Still, we expect management to conservatively reiterate full year guidance given difficult back half comparisons. We maintain our Neutral rating."

King also added, "Adjusting for the likely 2Q15 gross margin upside, while reigning in our revenue estimate somewhat to a still Street-high $60.1M, we raised 2Q15E EPS to $0.10 but left 2015E and 2016E EPS unchanged at $0.50 and $0.60, respectively."

For an analyst ratings summary and ratings history on ZAGG Incorporated click here. For more ratings news on ZAGG Incorporated click here.

Shares of ZAGG Incorporated closed at $8.49 yesterday.

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