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Is Logitech International (LOGI) Outperforming Other Computer and Technology Stocks This Year?

Zacks Equity Research
·2-min read

Investors focused on the Computer and Technology space have likely heard of Logitech International (LOGI), but is the stock performing well in comparison to the rest of its sector peers? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

Logitech International is a member of the Computer and Technology sector. This group includes 627 individual stocks and currently holds a Zacks Sector Rank of #7. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. LOGI is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for LOGI's full-year earnings has moved 43.36% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

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Based on the most recent data, LOGI has returned 3.67% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 2.92% on a year-to-date basis. This shows that Logitech International is outperforming its peers so far this year.

Looking more specifically, LOGI belongs to the Computer - Peripheral Equipment industry, a group that includes 9 individual stocks and currently sits at #100 in the Zacks Industry Rank. On average, stocks in this group have gained 4.73% this year, meaning that LOGI is slightly underperforming its industry in terms of year-to-date returns.

LOGI will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.


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