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.
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.
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Recent LOGI News
- Logitech Offers First Ever MX Keyboard Combo with New Software to Increase Flow and Productivity • Business Wire • 05/31/2023 07:01:00 AM
- Specialized Disclosure Report (sd) • Edgar (US Regulatory) • 05/26/2023 08:09:54 PM
- Report of Proposed Sale of Securities (144) • Edgar (US Regulatory) • 05/25/2023 11:47:18 PM
- Logitech G Introduces the Newest Audio Innovation in Esports - The Logitech G PRO X 2 LIGHTSPEED Gaming Headset with PRO-G GRAPHENE Audio Drivers • Business Wire • 05/24/2023 07:01:00 AM
- Logitech Introduces Desk Booking Solution for Hybrid Workplaces and Debuts Logi Dock Flex, a Managed Docking Station • Business Wire • 05/24/2023 07:01:00 AM
- Logitech Rally Bar Huddle Brings Equitable Meeting Experiences to Small Rooms • Business Wire • 05/24/2023 07:01:00 AM
- Logitech To Participate at Upcoming Investor Conferences • Business Wire • 05/18/2023 10:37:00 PM
- Logitech Files Annual Report on Form 10-K • Business Wire • 05/17/2023 08:36:00 PM
- Annual Report (10-k) • Edgar (US Regulatory) • 05/17/2023 08:14:42 PM
- Logitech Partners with iFixit to Advance Circularity Goals • Business Wire • 05/17/2023 07:01:00 AM
- Logitech G Expands G Cloud Global Presence with European Launch • Business Wire • 05/16/2023 07:01:00 AM
- Logitech Announces Proposed Fiscal Year 2023 Dividend • Business Wire • 05/15/2023 08:05:00 PM
- Current Report Filing (8-k) • Edgar (US Regulatory) • 05/02/2023 10:09:48 AM
- Logitech Announces Q4 and Full Fiscal Year 2023 Results • Business Wire • 05/02/2023 01:00:00 AM
- Report of Proposed Sale of Securities (144) • Edgar (US Regulatory) • 04/26/2023 08:07:23 PM
- Logitech Announces Date for Release of Fourth Quarter and Full-Year Financial Results for FY 2023 • Business Wire • 04/04/2023 08:01:00 PM
- Logitech Recognized for Addressing Climate Change within the Supply Chain • Business Wire • 03/29/2023 07:01:00 AM
- Introducing Logitech Zone Learn, Wired Headsets Built for Sustained Focus and Long-Term Use • Business Wire • 03/29/2023 07:01:00 AM
- Pensole Lewis College and Logitech Collaborate to Revolutionize the Next Generation of Design • Business Wire • 03/27/2023 12:00:00 PM
- Logitech Hosts Annual Analyst and Investor Day • Business Wire • 03/08/2023 02:01:00 AM
- Logitech To Participate in Upcoming Investor Conference • Business Wire • 02/21/2023 09:05:00 PM
- Playseat® and Logitech G Announce The Global Availability Of Playseat® Trophy-Logitech G Edition • Business Wire • 02/21/2023 08:01:00 AM
- Amended Statement of Ownership (sc 13g/a) • Edgar (US Regulatory) • 02/07/2023 07:14:09 PM
- Logitech Announces Date for 2023 Analyst & Investor Day • Business Wire • 02/01/2023 09:05:00 PM
- Current Report Filing (8-k) • Edgar (US Regulatory) • 01/30/2023 09:13:49 PM
Swifty Global Announces Acquisition of Business-to-Business Contracts and Technology from GLNetworks Ltd in Five Countries • DRCR • Jun 5, 2023 10:14 AM
ILUS International Inc (ILUS) Sees 557% Q1 Revenue Increase, Begins National Exchange Uplist Procedure for Subsidiaries and Company • CNNA • Jun 5, 2023 8:15 AM
Game Time Productions to be Featured on 3 Major Television Networks • GRNL • Jun 1, 2023 9:59 AM
New Break Announces Closing of $500,700 Non-Brokered Flow-Through Financing • NBRK • Jun 1, 2023 7:35 AM
Alarum Recorded First-Ever Positive Cashflow from Operating Activities with Record Revenues in the First Quarter of 2023 • ALAR • May 30, 2023 10:02 AM
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