In the most recent buying and selling session, Logitech (LOGI) closed at $123.29, marking a +1.22% transfer from the day before today. This transformation outpaced the S&P 500’s 0.03% achieve on the day.
Heading into as we speak, shares of the maker of keyboards, webcams and different laptop equipment had misplaced 1.06% over the previous month, lagging the Laptop and Expertise sector’s achieve of 6.22% and the S&P 500’s achieve of two.12% in that point.
Traders will likely be hoping for energy from LOGI because it approaches its subsequent earnings launch. On that day, LOGI is projected to report earnings of $0.83 per share, which might characterize year-over-year progress of 29.69%. In the meantime, our newest consensus estimate is asking for income of $1.15 billion, up 45.2% from the prior-year quarter.
For the total yr, our Zacks Consensus Estimates are projecting earnings of $4.52 per share and income of $5.33 billion, which might characterize adjustments of -29.6% and +1.5%, respectively, from the prior yr.
Any latest adjustments to analyst estimates for LOGI must also be famous by traders. Current revisions are likely to mirror the most recent near-term enterprise developments. With this in thoughts, we are able to take into account constructive estimate revisions an indication of optimism concerning the firm’s enterprise outlook.
Based mostly on our analysis, we imagine these estimate revisions are immediately associated to near-team inventory strikes. Traders can capitalize on this through the use of the Zacks Rank. This mannequin considers these estimate adjustments and supplies a easy, actionable ranking system.
Starting from #1 (Robust Purchase) to #5 (Robust Promote), the Zacks Rank system has a confirmed, outside-audited monitor document of outperformance, with #1 shares returning a mean of +25% yearly since 1988. Over the previous month, the Zacks Consensus EPS estimate remained stagnant. LOGI is presently sporting a Zacks Rank of #2 (Purchase).
Taking a look at its valuation, LOGI is holding a Ahead P/E ratio of 26.97. This valuation marks a premium in comparison with its business’s common Ahead P/E of 12.67.
The Laptop – Peripheral Gear business is a part of the Laptop and Expertise sector. This business presently has a Zacks Trade Rank of 245, which places it within the backside 4% of all 250+ industries.
The Zacks Trade Rank contains is listed so as from greatest to worst by way of the typical Zacks Rank of the person corporations inside every of those sectors. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
Make sure that to make the most of Zacks. Com to observe all of those stock-moving metrics, and extra, within the coming buying and selling periods.
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Logitech Worldwide S.A. (LOGI): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.