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Logitech (LOGI) Outpaces Stock Market Gains: What You Should Know
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Logitech (LOGI - Free Report) closed at $82.43 in the latest trading session, marking a +1.18% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.31%. Elsewhere, the Dow gained 0.1%, while the tech-heavy Nasdaq added 0.48%.
Heading into today, shares of the maker of keyboards, webcams and other computer accessories had gained 2.54% over the past month, outpacing the Computer and Technology sector's loss of 0.76% and the S&P 500's loss of 0.04% in that time.
Logitech will be looking to display strength as it nears its next earnings release. On that day, Logitech is projected to report earnings of $1.32 per share, which would represent a year-over-year decline of 46.12%. Meanwhile, our latest consensus estimate is calling for revenue of $1.51 billion, down 9.47% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.46 per share and revenue of $5.33 billion. These totals would mark changes of -30.53% and +1.53%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Logitech. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Logitech is currently a Zacks Rank #5 (Strong Sell).
Looking at its valuation, Logitech is holding a Forward P/E ratio of 18.25. Its industry sports an average Forward P/E of 16.15, so we one might conclude that Logitech is trading at a premium comparatively.
The Computer - Peripheral Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 228, putting it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Logitech (LOGI) Outpaces Stock Market Gains: What You Should Know
Logitech (LOGI - Free Report) closed at $82.43 in the latest trading session, marking a +1.18% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.31%. Elsewhere, the Dow gained 0.1%, while the tech-heavy Nasdaq added 0.48%.
Heading into today, shares of the maker of keyboards, webcams and other computer accessories had gained 2.54% over the past month, outpacing the Computer and Technology sector's loss of 0.76% and the S&P 500's loss of 0.04% in that time.
Logitech will be looking to display strength as it nears its next earnings release. On that day, Logitech is projected to report earnings of $1.32 per share, which would represent a year-over-year decline of 46.12%. Meanwhile, our latest consensus estimate is calling for revenue of $1.51 billion, down 9.47% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.46 per share and revenue of $5.33 billion. These totals would mark changes of -30.53% and +1.53%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Logitech. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Logitech is currently a Zacks Rank #5 (Strong Sell).
Looking at its valuation, Logitech is holding a Forward P/E ratio of 18.25. Its industry sports an average Forward P/E of 16.15, so we one might conclude that Logitech is trading at a premium comparatively.
The Computer - Peripheral Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 228, putting it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.