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Logitech (LOGI) to Report Q1 Earnings: What's in the Cards?
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Logitech International S.A. (LOGI - Free Report) is scheduled to report first-quarter fiscal 2019 results on Jul 30.
Notably, the company beat estimates in each of the trailing four quarters, delivering an average positive surprise of 14.84%.
In the last reported quarter, the company came up with a positive earnings surprise of 23.08%. Let's see how things are shaping up for this announcement.
Factors Likely to Drive Results
Logitech is benefiting from robust sales across product categories and strong momentum in Video Collaboration, Gaming and Tablet & Accessories businesses. This trend is likely to continue in the to-be-reported quarter as well.
Moreover, with increasing customer interaction with digital content, Logitech is placed well with its products helping people to connect with digital and cloud-based platforms.
Additionally, the company is witnessing growth in its addressable markets with more consumers shifting to smarter alternatives like smartphones, tablets, wireless keyboards and AI powered speakers.
Growing adoption of new mobile platforms in both mature and emerging markets are fueling the demand for Logitech’s peripherals and accessories.
However, the company’s sales are impacted by end-user consumer demand and therefore, the business can be negatively impacted by unanticipated shifts in consumer buying patterns.
Consequently, the need to roll out advanced products in the market in a bid to survive the competition results in significant surges in R&D expenses, which might dampen the company’s profitability.
What the Zacks Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Sell-rated stocks (Zacks Rank #4 or 5) are best avoided.
Logitech has a Zacks Rank #1 and an Earnings ESP of 0.00%. This indicates that the company is unlikely to beat estimates. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Logitech International S.A. Price and EPS Surprise
Here are some stocks, which you may consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:
Arrow Electronics, Inc. (ARW - Free Report) with an Earnings ESP of +0.93% and a Zacks Rank #2.
CyberArk Software Ltd. (CYBR - Free Report) with an Earnings ESP of +3.38% and a Zacks Rank #3.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Logitech (LOGI) to Report Q1 Earnings: What's in the Cards?
Logitech International S.A. (LOGI - Free Report) is scheduled to report first-quarter fiscal 2019 results on Jul 30.
Notably, the company beat estimates in each of the trailing four quarters, delivering an average positive surprise of 14.84%.
In the last reported quarter, the company came up with a positive earnings surprise of 23.08%. Let's see how things are shaping up for this announcement.
Factors Likely to Drive Results
Logitech is benefiting from robust sales across product categories and strong momentum in Video Collaboration, Gaming and Tablet & Accessories businesses. This trend is likely to continue in the to-be-reported quarter as well.
Moreover, with increasing customer interaction with digital content, Logitech is placed well with its products helping people to connect with digital and cloud-based platforms.
Additionally, the company is witnessing growth in its addressable markets with more consumers shifting to smarter alternatives like smartphones, tablets, wireless keyboards and AI powered speakers.
Growing adoption of new mobile platforms in both mature and emerging markets are fueling the demand for Logitech’s peripherals and accessories.
However, the company’s sales are impacted by end-user consumer demand and therefore, the business can be negatively impacted by unanticipated shifts in consumer buying patterns.
Consequently, the need to roll out advanced products in the market in a bid to survive the competition results in significant surges in R&D expenses, which might dampen the company’s profitability.
What the Zacks Model Says
According to the Zacks model, a company with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) has a good chance of beating estimates if it also has a positive Earnings ESP. Sell-rated stocks (Zacks Rank #4 or 5) are best avoided.
Logitech has a Zacks Rank #1 and an Earnings ESP of 0.00%. This indicates that the company is unlikely to beat estimates. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Logitech International S.A. Price and EPS Surprise
Logitech International S.A. Price and EPS Surprise | Logitech International S.A. Quote
Stocks to Consider
Here are some stocks, which you may consider as our model shows that these have the right combination of elements to post an earnings beat in their upcoming releases:
SCIENCE APPLICATIONS INTERNATIONAL CORPORATION (SAIC - Free Report) with an Earnings ESP of +1.70%, and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Arrow Electronics, Inc. (ARW - Free Report) with an Earnings ESP of +0.93% and a Zacks Rank #2.
CyberArk Software Ltd. (CYBR - Free Report) with an Earnings ESP of +3.38% and a Zacks Rank #3.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>