LOGI isn't a screaming buy but with the upward analyst revisions to an annual EPS of 71¢, the forward PE comes down to 19.
What makes this compelling are several things I have watched very closely:
1) When the LOGI excitement of the turn-around was in full swing, the PE was so far ahead of itself, at one point the PE was well over 50. That's crazy scary and can only be assigned to a growth company.
2) The LOGI turn-around is firmly in place going on two years already, and continues to be implemented.
3) The LOGI share price is more than $2 below it's 3 year high reached earlier this year in February.
4) The chart below only goes back 5 quarters. What's compelling are the consistent earnings beats.
EARNINGS SURPRISES
http://investing.money.msn.com/investments/earnings-estimates?symbol=LOGI
DESCRIPTION (6/13) (9/13) (12/13) (3/14) (6/14)
Estimate- 0.11 0.05 0.14 -0.01 0.06
Actual 0.02 0.17 0.32 0.10 0.19
Difference 0.13 0.12 0.18 0.11 0.13%
Change +118.18% +240.00% +128.57% +1,100.00% +216.67%
With the PE valuation coming in-line, any EPS beats are going to finally start to drive the share price up again. LOGI's fundamentals have finally caught up with the share price.
Why Logitech (LOGI) Stock Might be a Great Pick
August 20, 2014
by Zacks Equity Research
Published on August 20, 2014
One stock that might be an intriguing choice for investors right now is Logitech International SA (LOGI - Analyst Report). This is because this security in the peripheral equipments space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the peripheral equipments space as it currently has a Zacks Industry Rank of 17 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Logitech is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen from 16 cents a share to 17 cents a share, while current year estimates have risen from 66 cents a share to 71 cents a share. This has helped LOGI to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position.
So, if you are looking for a decent pick in a strong industry, consider Logitech. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
Recent LOGI News
- NEW Logitech Combo Touch Available for the new iPad Air and iPad Pro • Business Wire • 05/07/2024 05:41:00 PM
- Logitech G Celebrates the 10th Anniversary of the Iconic G502 Gaming Mouse • Business Wire • 05/02/2024 07:01:00 AM
- Logitech Announces Q4 and Full Fiscal Year 2024 Results • Business Wire • 04/30/2024 01:01:00 AM
- U.S. Futures Rise in Pre-Market Trading Amid Key Federal Reserve Meeting and Earnings Week Ahead • IH Market News • 04/29/2024 11:12:54 AM
- New Logi AI Prompt Builder Software: Fast, Fluent, Fluid AI Access, For Free • Business Wire • 04/17/2024 07:01:00 AM
- Logitech Announces Date for Release of Fourth Quarter and Full-Year Financial Results for FY 2024 • Business Wire • 04/11/2024 07:01:00 AM
- Logitech’s Streamlabs Launches TikTok LIVE Integration to Power Seamless Streaming • Business Wire • 04/10/2024 07:01:00 AM
- LOGITECH G Unveils the PRO X 60 Gaming Keyboard Featuring KEYCONTROL Technology - Designed with Esports Athletes and Engineered to Win • Business Wire • 04/09/2024 07:03:00 AM
- Logitech Unveils Signature Slim Keyboard and Combo to Seamlessly Flow Between Work and Life at the Desk • Business Wire • 03/27/2024 07:01:00 AM
- New Logitech Mevo Core 4K Camera Enables Seamless Wireless Live Streaming of Any Event, Anywhere • Business Wire • 03/19/2024 01:00:00 PM
- Apple & Google in Talks for Gemini AI on iPhone, Nvidia’s GTC Conference Today, and Latest News • IH Market News • 03/18/2024 11:10:46 AM
- Logitech Announces CFO Departure • Business Wire • 03/18/2024 06:00:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/11/2024 08:05:55 PM
- Logitech’s Future Positive Challenge in Search of Disruptive Carbon Reduction Solutions • Business Wire • 03/07/2024 08:01:00 AM
- Logitech Introduces MX Brio, Its Most Advanced Webcam Designed for the Evolving Ways of Working and Streaming • Business Wire • 03/06/2024 08:01:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 02:30:35 AM
- Now Available in North America, Logitech Casa Pop-Up Desk, the Innovative All-In-One Solution for New Ways of Working • Business Wire • 02/27/2024 02:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/26/2024 09:01:48 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/26/2024 01:39:28 PM
- Logitech to Participate in Upcoming Investor Conferences • Business Wire • 02/13/2024 09:01:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/09/2024 01:40:58 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/08/2024 09:12:35 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/07/2024 01:44:09 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/07/2024 01:02:42 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/03/2024 01:29:52 AM
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM