Logitech (LOGI) Tops Q2 Earnings and Revenue Estimates

Core Insights - Logitech reported quarterly earnings of $1.45 per share, exceeding the Zacks Consensus Estimate of $1.22 per share, and up from $1.20 per share a year ago [1] - The earnings surprise was +18.85%, and the company has surpassed consensus EPS estimates in all four of the last quarters [2] - Logitech's revenues for the quarter reached $1.19 billion, surpassing the Zacks Consensus Estimate by 1.11% and increasing from $1.12 billion year-over-year [3] Financial Performance - The company has consistently outperformed revenue estimates, achieving this in three of the last four quarters [3] - Logitech shares have appreciated approximately 38.2% year-to-date, significantly outperforming the S&P 500's gain of 16.9% [4] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.50 on revenues of $1.35 billion, while the estimate for the current fiscal year is $5.04 on revenues of $4.72 billion [8] - The Zacks Rank for Logitech is currently 3 (Hold), indicating expected performance in line with the market in the near future [7] Industry Context - The Computer - Peripheral Equipment industry, to which Logitech belongs, is currently ranked in the top 24% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9]