Logitech International S.A. (NASDAQ:LOGI) is set to announce first quarter earning results on Monday 20th July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, LOGI to report 1Q21 income of $ 0.34 per share.
For the full year, analysts anticipate top line of $ 3154.45 million, while looking forward to income of $ 2.16 per share bottom line.
Previous Quarter Performance
Logitech International S.A. came out with income for the fourth quarter of $ 0.42 per share, from the revenue of $ 709.25 million. The quarterly earnings developed 10.53 percent while revenues raised 13.66 percent compared with the same quarter last year.
Wall street analysts are predicting, LOGI to report 4Q20 income of $ 0.35 per share from revenue of $ 652.10 million. The bottom line results beat street analysts by $ 0.07 or 20.00 percent, at the same time, top line results outshined analysts by $ 57.15 million or 8.76 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of LOGI was $ 69.98, representing a 123.08 % increase from the 52 week low of $ 31.37 and a 0.48 % decrease over the 52 week high of $ 70.32.
The company has a market capital of $ 11.54 billion and is part of the Technology sector and Computer Systems industry.
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Recent Analyst recommendations
On 24th June 2020, downgraded by Wedbush to Neutral from Outperform rating, with $ 65.00 target price.
Logitech International S.A., through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups. It also provides keyboards and covers for tablets and smartphones, as well as other accessories for mobile devices; pointing devices, such as PC and Mac-related mice, touchpads, and presenters; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combos; PC-based Webcams; and remote control and home automation products.
