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Why Logitech International SA (LOGI) Could Beat Earnings Estimates Again

Zacks Equity Research

Looking for a stock that might be in a good position to beat earnings at its next report? Consider Logitech International SA (LOGI), a firm in the Computer-Peripherals Equipments industry, which could be a great candidate for another beat.

This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. In fact, in these reports, LOGI has beaten estimates by at least 50% in both cases, suggesting it has a nice short-term history of crushing expectations.

Earnings in Focus

Two quarters ago, LOGI expected to earn 6 cents per share, while it actually produced earnings of 19 cents per share, a significant beat of over 100%. Meanwhile, for the most recent quarter, the company looked to deliver earnings of 18 cents per share, when it actually saw earnings of 28 cents per share instead, representing a 55.6% positive surprise.

Thanks in part to this history, recent estimates have been moving higher for Logitech International SA. In fact, the Earnings ESP for LOGI is positive, which is a great sign of a coming beat.

After all, the Zacks Earnings ESP compares the most accurate estimate to the broad consensus, looking to find stocks that have seen big revisions as of late, suggesting that analysts have recently become more bullish on the company’s earnings prospects. This is the case for LOGI, as the firm currently has a Zacks Earnings ESP of 3.23%, so another beat could be around the corner.

This is particularly true when you consider that LOGI has a great Zacks Rank #1 (Strong Buy) which can be a harbinger of outperformance and a signal for a strong earnings profile. And when you add this solid Zacks Rank to a positive Earnings ESP, a positive earnings surprise happens nearly 70% of the time, so it seems pretty likely that LOGI could see another beat at its next report, especially if recent trends are any guide.

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LOGITECH INTERNATIONAL SA ORD (LOGI): Free Stock Analysis Report


Zacks Investment Research