Logitech (LOGI) reported earnings 30 days ago. What's next for the stock?
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Computer accessories maker Logitech International said on Tuesday it has appointed Matteo Anversa as its chief financial officer, effective Sept. 1.
Logitech International co-founder Daniel Borel on Monday urged shareholders at the Swiss-American company to find a new board chairperson this year to replace Wendy Becker, who recently announced she would not stand for reelection in 2025.
While the top- and bottom-line numbers for Logitech (LOGI) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
1Q25 results showed strong revenue growth and margin improvement, leading to upgraded FY25 guidance. Concerns about weak consumer spending impacting near-term growth outlook for LOGI. Rising freight costs could pressure gross margins in the near term, leading to uncertainty about earnings performance.
Logitech's recent quarterly report arrived with sales and earnings beats. The company also raised its guidance for the current fiscal year.
Logitech's (LOGI) first-quarter fiscal 2025 results reflect benefits from increased demand across key product categories and efficient inventory management.
Logitech International S.A. (NASDAQ:LOGI ) Q1 2025 Earnings Conference Call July 23, 2024 8:30 AM ET Company Participants Nate Melihercik - Head of Global Investor Relations Hanneke Faber - Chief Executive Officer Meeta Sunderwala - Interim Chief Financial Officer Conference Call Participants Joern Iffert - UBS Ananda Baruah - Loop Capital Operator Good morning and good afternoon.
LOGI's share price has increased by over 60% since January 2023, outperforming the market. LOGI reported strong financial results for Q1 2025, with sales growth in multiple product categories and geographies. Despite impressive results, LOGI's valuation is not attractive compared to industry peers, leading to a reiteration of a "hold" rating.
Logitech International raised its full-year sales outlook, aided by strong quarterly growth, the computer mouse maker said on Tuesday.
The heavy selling pressure might have exhausted for Logitech (LOGI) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.