Logitech International (LOGI - Free Report) is scheduled to report second-quarter fiscal 2022 results on Oct 25.
The Zacks Consensus Estimate for second-quarter fiscal 2022 revenues is pegged at $1.33 billion, indicating an improvement of 6% from the year-ago quarter. The consensus mark for non-GAAP earnings stands at $1.22 per share, suggesting a significant decline of 34.8% year over year.
The company’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 100.7%.
Factors to Note
The global leader in peripherals for personal computers’ second-quarter performance is likely to have benefited from solid demand for its products amid the ongoing work-from-home and online learning trends.
The company witnessed double and triple-digit sale surges in several of its flagship offerings in the last reported quarter.
The thriving cloud-based video conferencing services continue to act as the key catalyst. Rising adoption of new mobile platforms in both mature and emerging markets may have fueled demand for Logitech’s peripherals and accessories in the quarter to be reported.
Though the demand for PC peripheral products has remained solid in the second quarter, a strong comparison from the year-ago quarter is anticipated to weigh on sales growth.
What Our Model Unveils
Our proven model does not conclusively predict an earnings beat for Logitech this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
Logitech currently has Zacks Rank #3 and an Earnings ESP of -4.53%.
Stocks With Favorable Combinations
Here are some companies, which per our model have the right combination of elements to post an earnings beat in their upcoming releases:
Salesforce (CRM - Free Report) has an Earnings ESP of +6.69% and a Zacks Rank #1 currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
Science Applications International Corporation (SAIC - Free Report) has an Earnings ESP of +4.59% and a Zacks Rank #2 currently.
Accel Entertainment (ACEL - Free Report) has an Earnings ESP of +20.00% and a Zacks Rank #2 currently.
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Logitech International (LOGI - Free Report) is scheduled to report second-quarter fiscal 2022 results on Oct 25.
The Zacks Consensus Estimate for second-quarter fiscal 2022 revenues is pegged at $1.33 billion, indicating an improvement of 6% from the year-ago quarter. The consensus mark for non-GAAP earnings stands at $1.22 per share, suggesting a significant decline of 34.8% year over year.
The company’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 100.7%.
Factors to Note
The global leader in peripherals for personal computers’ second-quarter performance is likely to have benefited from solid demand for its products amid the ongoing work-from-home and online learning trends.
The company witnessed double and triple-digit sale surges in several of its flagship offerings in the last reported quarter.
The thriving cloud-based video conferencing services continue to act as the key catalyst. Rising adoption of new mobile platforms in both mature and emerging markets may have fueled demand for Logitech’s peripherals and accessories in the quarter to be reported.
Though the demand for PC peripheral products has remained solid in the second quarter, a strong comparison from the year-ago quarter is anticipated to weigh on sales growth.
What Our Model Unveils
Our proven model does not conclusively predict an earnings beat for Logitech this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell, before they’re reported, with our Earnings ESP Filter.
Logitech currently has Zacks Rank #3 and an Earnings ESP of -4.53%.
Stocks With Favorable Combinations
Here are some companies, which per our model have the right combination of elements to post an earnings beat in their upcoming releases:
Salesforce (CRM - Free Report) has an Earnings ESP of +6.69% and a Zacks Rank #1 currently. You can see the complete list of today’s Zacks #1 Rank stocks here.
Science Applications International Corporation (SAIC - Free Report) has an Earnings ESP of +4.59% and a Zacks Rank #2 currently.
Accel Entertainment (ACEL - Free Report) has an Earnings ESP of +20.00% and a Zacks Rank #2 currently.
Highest Returns for Any Asset Class
It’s not even close. Despite ups and downs, Bitcoin has been more profitable for investors than any other decentralized, borderless form of money.
No guarantees for the future, but in the past three presidential election years, Bitcoin’s returns were as follows: 2012 +272.4%, 2016 +161.1%, and 2020 +302.8%. Zacks predicts another significant surge in months to come.
Hurry, Download Special Report – It’s FREE >>
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