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Logitech (LOGI) Stock Sinks As Market Gains: What You Should Know

Logitech (LOGI) closed at $73.14 in the latest trading session, marking a -0.11% move from the prior day. This change lagged the S&P 500's daily gain of 1.6%. Elsewhere, the Dow gained 1.34%, while the tech-heavy Nasdaq added 2.26%.

Heading into today, shares of the maker of keyboards, webcams and other computer accessories had gained 0.51% over the past month, outpacing the Computer and Technology sector's loss of 5.8% and the S&P 500's loss of 5.3% in that time.

Wall Street will be looking for positivity from LOGI as it approaches its next earnings report date. On that day, LOGI is projected to report earnings of $0.61 per share, which would represent year-over-year growth of 22%. Our most recent consensus estimate is calling for quarterly revenue of $841.06 million, up 16.86% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $2.50 per share and revenue of $3.36 billion, which would represent changes of +16.28% and +12.92%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for LOGI. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. LOGI is currently sporting a Zacks Rank of #3 (Hold).

Digging into valuation, LOGI currently has a Forward P/E ratio of 29.35. For comparison, its industry has an average Forward P/E of 31.44, which means LOGI is trading at a discount to the group.

The Computer - Peripheral Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 185, which puts it in the bottom 28% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.


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