Logitech (LOGI) Q3 Earnings and Revenues Surpass Estimates

Company Performance - Logitech reported quarterly earnings of $1.59 per share, exceeding the Zacks Consensus Estimate of $1.38 per share, and up from $1.53 per share a year ago, adjusted for non-recurring items [1] - The earnings surprise for this quarter was 15.22%, following a previous surprise of 9.09% when earnings were $1.20 per share against an expectation of $1.10 [2] - The company achieved revenues of $1.34 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 7.70%, compared to $1.26 billion in the same quarter last year [3] Market Outlook - Logitech shares have increased approximately 11.7% since the beginning of the year, outperforming the S&P 500's gain of 2.2% [4] - The current consensus EPS estimate for the upcoming quarter is $0.96 on revenues of $1 billion, and for the current fiscal year, it is $4.66 on revenues of $4.45 billion [8] - The Computer - Peripheral Equipment industry, to which Logitech belongs, is currently ranked in the top 30% of over 250 Zacks industries, indicating a favorable outlook for the sector [9] Earnings Estimate Revisions - The trend for earnings estimate revisions for Logitech is favorable, contributing to a Zacks Rank 2 (Buy) for the stock, suggesting it is expected to outperform the market in the near future [7] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [6]