Logitech International (Nasdaq: LOGI ) is expected to report Q2 earnings on Oct. 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Logitech International's revenues will decrease -2.3% and EPS will increase 30.0%.
The average estimate for revenue is $575.5 million. On the bottom line, the average EPS estimate is $0.13.
Last quarter, Logitech International booked revenue of $468.6 million. GAAP reported sales were 2.5% lower than the prior-year quarter's $480.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at -$0.14. GAAP EPS were -$0.32 for Q1 against -$0.17 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 31.4%, 530 basis points better than the prior-year quarter. Operating margin was -5.3%, 410 basis points better than the prior-year quarter. Net margin was -11.1%, 490 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.33 billion. The average EPS estimate is $0.67.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 915 members out of 977 rating the stock outperform, and 62 members rating it underperform. Among 258 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 244 give Logitech International a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Logitech International is hold, with an average price target of $11.71.
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