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Logitech (LOGI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended June 2024, Logitech (LOGI - Free Report) reported revenue of $1.09 billion, up 11.7% over the same period last year. EPS came in at $1.13, compared to $0.65 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.03 billion, representing a surprise of +5.30%. The company delivered an EPS surprise of +26.97%, with the consensus EPS estimate being $0.89.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Logitech performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Sales- Gaming: $309.48 million versus $293.90 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +16.2% change.
Net Sales- Keyboards & Combos: $215.33 million versus the four-analyst average estimate of $189.65 million. The reported number represents a year-over-year change of +19.1%.
Net Sales- Pointing Devices: $189.95 million versus the four-analyst average estimate of $181.05 million. The reported number represents a year-over-year change of +8.9%.
Net Sales- Other: $30.74 million versus the four-analyst average estimate of $29.94 million.
Net Sales- Webcams: $72.90 million versus $76.54 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -3.1% change.
Net Sales- Tablet Accessories: $78.54 million versus the four-analyst average estimate of $76.21 million. The reported number represents a year-over-year change of +11.7%.
Net Sales- Headsets: $44.24 million versus $38.29 million estimated by four analysts on average.
Net Sales- Video Collaboration: $147.04 million versus the four-analyst average estimate of $147.94 million. The reported number represents a year-over-year change of +5.5%.
Shares of Logitech have returned -8.2% over the past month versus the Zacks S&P 500 composite's -1.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Logitech (LOGI) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2024, Logitech (LOGI - Free Report) reported revenue of $1.09 billion, up 11.7% over the same period last year. EPS came in at $1.13, compared to $0.65 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.03 billion, representing a surprise of +5.30%. The company delivered an EPS surprise of +26.97%, with the consensus EPS estimate being $0.89.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Logitech performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Gaming: $309.48 million versus $293.90 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +16.2% change.
- Net Sales- Keyboards & Combos: $215.33 million versus the four-analyst average estimate of $189.65 million. The reported number represents a year-over-year change of +19.1%.
- Net Sales- Pointing Devices: $189.95 million versus the four-analyst average estimate of $181.05 million. The reported number represents a year-over-year change of +8.9%.
- Net Sales- Other: $30.74 million versus the four-analyst average estimate of $29.94 million.
- Net Sales- Webcams: $72.90 million versus $76.54 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -3.1% change.
- Net Sales- Tablet Accessories: $78.54 million versus the four-analyst average estimate of $76.21 million. The reported number represents a year-over-year change of +11.7%.
- Net Sales- Headsets: $44.24 million versus $38.29 million estimated by four analysts on average.
- Net Sales- Video Collaboration: $147.04 million versus the four-analyst average estimate of $147.94 million. The reported number represents a year-over-year change of +5.5%.
View all Key Company Metrics for Logitech here>>>Shares of Logitech have returned -8.2% over the past month versus the Zacks S&P 500 composite's -1.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.