Logitech (LOGI) Soars 13.2%: Is Further Upside Left in the Stock?

Company Overview - Logitech (LOGI) shares increased by 13.2% to close at $74.20, following a broader market rally after US President Donald Trump's announcement to pause reciprocal tariffs for 90 days [1] - The stock had previously experienced a 28.9% loss over the past four weeks [1] Earnings Expectations - Logitech is expected to report quarterly earnings of $0.86 per share, reflecting a year-over-year decline of 13.1% [2] - Revenue is anticipated to be $1.01 billion, which is a slight increase of 0.2% compared to the same quarter last year [2] Market Trends and Stock Performance - Trends in earnings estimate revisions are strongly correlated with near-term stock price movements, indicating that the stock's price may not sustain increases without positive revisions [3] - The consensus EPS estimate for Logitech has remained unchanged over the last 30 days, suggesting a lack of momentum in earnings revisions [4] - Logitech currently holds a Zacks Rank of 3 (Hold), indicating a neutral outlook [4] Industry Context - Logitech operates within the Zacks Computer - Peripheral Equipment industry, which includes other companies like LG Display (LPL) [4] - LG Display's consensus EPS estimate has also remained unchanged at $0.57, representing a significant year-over-year increase of 170.4% [5] - LG Display currently has a Zacks Rank of 4 (Sell), contrasting with Logitech's neutral position [5]