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Is Logitech International (LOGI) Outperforming Other Computer and Technology Stocks This Year?

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Investors focused on the Computer and Technology space have likely heard of Logitech International (LOGI - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Logitech International is a member of the Computer and Technology sector. This group includes 626 individual stocks and currently holds a Zacks Sector Rank of #8. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. LOGI is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for LOGI's full-year earnings has moved 43.36% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, LOGI has gained about 4.48% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 3.37% on a year-to-date basis. As we can see, Logitech International is performing better than its sector in the calendar year.

Breaking things down more, LOGI is a member of the Computer - Peripheral Equipment industry, which includes 9 individual companies and currently sits at #113 in the Zacks Industry Rank. This group has gained an average of 6.05% so far this year, so LOGI is slightly underperforming its industry in this area.

Investors in the Computer and Technology sector will want to keep a close eye on LOGI as it attempts to continue its solid performance.


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