Logitech (LOGI) Reports Q3 Earnings: What Key Metrics Have to Say

Core Insights - Logitech reported $1.34 billion in revenue for the quarter ended December 2024, a year-over-year increase of 6.8% and an EPS of $1.59 compared to $1.53 a year ago, exceeding Zacks Consensus Estimates for both revenue and EPS [1] - The company delivered a revenue surprise of +7.70% and an EPS surprise of +15.22% compared to analyst expectations [1] Financial Performance - Logitech's net sales for various product categories showed mixed results: - Pointing Devices: $217.05 million, +5.3% year-over-year, exceeding estimates [4] - Keyboards & Combos: $236.75 million, +3.2% year-over-year, exceeding estimates [4] - Webcams: $84.42 million, -1.7% year-over-year, slightly below estimates [4] - Headsets: $45.89 million, +9.9% year-over-year, exceeding estimates [4] - Video Collaboration: $176.05 million, +3.9% year-over-year, exceeding estimates [4] - Gaming: $466.72 million, +14.1% year-over-year, significantly exceeding estimates [4] - Other: $36 million, -27.2% year-over-year, below estimates [4] - Tablet Accessories: $77.43 million, +20.5% year-over-year, exceeding estimates [4] Market Performance - Logitech shares have returned +11.3% over the past month, outperforming the Zacks S&P 500 composite's +0.8% change, indicating strong market performance [3] - The stock currently holds a Zacks Rank 2 (Buy), suggesting potential for further outperformance in the near term [3]