Logitech (LOGI) Q2 Earnings Preview: What You Should Know Beyond the Headline Estimates

Wall Street analysts expect Logitech (LOGI) to post quarterly earnings of $1.22 per share in its upcoming report, which indicates a year-over-year increase of 1.7%. Revenues are expected to be $1.17 billion, up 5.1% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.In light of this perspective, let's dive into the average estimates of certain Logitech metrics that are commonly tracked and forecasted by Wall Street analysts.The combined assessment of analysts suggests that 'Net Sales- Pointing Devices' will likely reach $201.71 million. The estimate points to a change of +3% from the year-ago quarter.Analysts' assessment points toward 'Net Sales- Keyboards & Combos' reaching $216.87 million. The estimate indicates a year-over-year change of +3.3%.Based on the collective assessment of analysts, 'Net Sales- Webcams' should arrive at $88.19 million. The estimate points to a change of +9.9% from the year-ago quarter.Analysts predict that the 'Net Sales- Headsets' will reach $48.37 million. The estimate indicates a change of +3.1% from the prior-year quarter.Analysts forecast 'Net Sales- Video Collaboration' to reach $172.64 million. The estimate indicates a change of +8.1% from the prior-year quarter.The average prediction of analysts places 'Net Sales- Gaming' at $321.00 million. The estimate points to a change of +6.8% from the year-ago quarter.Analysts expect 'Net Sales- Other' to come in at $32.00 million. The estimate indicates a year-over-year change of -14.1%.It is projected by analysts that the 'Net Sales- Tablet Accessories' will reach $92.30 million. The estimate indicates a year-over-year change of +7.8%. View all Key Company Metrics for Logitech here>>> Logitech shares have witnessed a change of +0.7% in the past month, in contrast to the Zacks S&P 500 composite's +0.2% move. With a Zacks Rank #3 (Hold), LOGI is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .Radical New Technology Could Hand Investors Huge GainsQuantum Computing is the next technological revolution, and it could be even more advanced than AI.While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.See Top Quantum Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Logitech International S.A. (LOGI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks