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Logitech (LOGI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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For the quarter ended September 2023, Logitech (LOGI - Free Report) reported revenue of $1.06 billion, down 8% over the same period last year. EPS came in at $1.09, compared to $0.84 in the year-ago quarter.
The reported revenue represents a surprise of +8.03% over the Zacks Consensus Estimate of $978.42 million. With the consensus EPS estimate being $0.66, the EPS surprise was +65.15%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Logitech performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Retail Sales- Pointing Devices: $191.68 million compared to the $171.04 million average estimate based on four analysts. The reported number represents a change of +3.5% year over year.
Net Retail Sales- Keyboards & Combos: $194.91 million compared to the $175.54 million average estimate based on four analysts. The reported number represents a change of -3% year over year.
Net Retail Sales- Webcams: $88.22 million versus $73.94 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +46.6% change.
Net Retail Sales- Headsets: $44.41 million versus the four-analyst average estimate of $38.97 million.
Net Retail Sales- Video Collaboration: $152.39 million compared to the $139.47 million average estimate based on four analysts. The reported number represents a change of -35.5% year over year.
Net Retail Sales- Gaming: $282.10 million versus the four-analyst average estimate of $279.13 million. The reported number represents a year-over-year change of -5.2%.
Net Retail Sales- Other: $39.62 million compared to the $40.12 million average estimate based on four analysts. The reported number represents a change of +1695% year over year.
Net Retail Sales- Tablet Accessories: $63.68 million compared to the $60.27 million average estimate based on four analysts. The reported number represents a change of +17.5% year over year.
Shares of Logitech have returned +16.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Logitech (LOGI) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2023, Logitech (LOGI - Free Report) reported revenue of $1.06 billion, down 8% over the same period last year. EPS came in at $1.09, compared to $0.84 in the year-ago quarter.
The reported revenue represents a surprise of +8.03% over the Zacks Consensus Estimate of $978.42 million. With the consensus EPS estimate being $0.66, the EPS surprise was +65.15%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Logitech performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Retail Sales- Pointing Devices: $191.68 million compared to the $171.04 million average estimate based on four analysts. The reported number represents a change of +3.5% year over year.
- Net Retail Sales- Keyboards & Combos: $194.91 million compared to the $175.54 million average estimate based on four analysts. The reported number represents a change of -3% year over year.
- Net Retail Sales- Webcams: $88.22 million versus $73.94 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +46.6% change.
- Net Retail Sales- Headsets: $44.41 million versus the four-analyst average estimate of $38.97 million.
- Net Retail Sales- Video Collaboration: $152.39 million compared to the $139.47 million average estimate based on four analysts. The reported number represents a change of -35.5% year over year.
- Net Retail Sales- Gaming: $282.10 million versus the four-analyst average estimate of $279.13 million. The reported number represents a year-over-year change of -5.2%.
- Net Retail Sales- Other: $39.62 million compared to the $40.12 million average estimate based on four analysts. The reported number represents a change of +1695% year over year.
- Net Retail Sales- Tablet Accessories: $63.68 million compared to the $60.27 million average estimate based on four analysts. The reported number represents a change of +17.5% year over year.
View all Key Company Metrics for Logitech here>>>Shares of Logitech have returned +16.2% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.