Logitech (LOGI) Surpasses Q1 Earnings and Revenue Estimates

Core Insights - Logitech reported quarterly earnings of $1.26 per share, exceeding the Zacks Consensus Estimate of $1.09 per share, and up from $1.13 per share a year ago [1] - The earnings surprise was +15.60%, following a previous surprise of +8.14% in the last quarter [2] - The company achieved revenues of $1.15 billion for the quarter, surpassing the Zacks Consensus Estimate by 3.16% and up from $1.09 billion year-over-year [3] Financial Performance - Logitech has surpassed consensus EPS estimates in all four of the last quarters [2] - The company has also topped consensus revenue estimates three times over the last four quarters [3] - Year-to-date, Logitech shares have increased by approximately 14.8%, outperforming the S&P 500's gain of 8.6% [4] Future Outlook - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at $1.05 for the coming quarter and $4.49 for the current fiscal year [5][8] - The Zacks Rank for Logitech is currently 3 (Hold), indicating expected performance in line with the market in the near future [7] - The Computer - Peripheral Equipment industry is ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook for Logitech [9]