Logitech (LOGI) Surpasses Q3 Earnings and Revenue Estimates

Core Insights - Logitech reported quarterly earnings of $1.93 per share, exceeding the Zacks Consensus Estimate of $1.79 per share, and up from $1.59 per share a year ago [1] - The company achieved a revenue of $1.42 billion for the quarter, surpassing the Zacks Consensus Estimate by 0.86% and increasing from $1.34 billion year-over-year [3] Earnings Performance - The earnings surprise for the quarter was +7.94%, following a previous surprise of +18.85% when actual earnings were $1.45 per share against an expectation of $1.22 per share [2] - Logitech has consistently surpassed consensus EPS estimates over the last four quarters [2] Revenue Insights - The company has also exceeded consensus revenue estimates three times in the last four quarters [3] - Current consensus EPS estimate for the upcoming quarter is $1.08 on revenues of $1.06 billion, and for the current fiscal year, it is $5.61 on revenues of $4.81 billion [8] Market Performance - Logitech shares have declined approximately 6.1% since the beginning of the year, contrasting with the S&P 500's gain of 1.5% [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market [7] Industry Context - The Computer - Peripheral Equipment industry, to which Logitech belongs, is currently ranked in the top 41% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [9]