Wall Street analysts forecast that Logitech (LOGI) will report quarterly earnings of $1.78 per share in its upcoming release, pointing to a year-over-year increase of 12%. It is anticipated that revenues will amount to $1.4 billion, exhibiting an increase of 4.8% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Logitech metrics that Wall Street analysts commonly model and monitor.
Analysts forecast 'Net Sales- Pointing Devices' to reach $237.39 million. The estimate indicates a year-over-year change of +9.4%.
The combined assessment of analysts suggests that 'Net Sales- Keyboards & Combos' will likely reach $259.37 million. The estimate indicates a year-over-year change of +9.6%.
Analysts expect 'Net Sales- Webcams' to come in at $87.18 million. The estimate points to a change of +3.3% from the year-ago quarter.
The consensus estimate for 'Net Sales- Headsets' stands at $46.33 million. The estimate suggests a change of +1% year over year.
The consensus among analysts is that 'Net Sales- Video Collaboration' will reach $186.06 million. The estimate indicates a year-over-year change of +5.7%.
Analysts predict that the 'Net Sales- Gaming' will reach $479.40 million. The estimate points to a change of +2.7% from the year-ago quarter.
It is projected by analysts that the 'Net Sales- Other' will reach $32.46 million. The estimate indicates a year-over-year change of -9.8%.
According to the collective judgment of analysts, 'Net Sales- Tablet Accessories' should come in at $81.10 million. The estimate indicates a change of +4.7% from the prior-year quarter.
View all Key Company Metrics for Logitech here>>>
Shares of Logitech have experienced a change of -12.5% in the past month compared to the +0.7% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), LOGI is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Logitech International S.A. (LOGI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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