From Nasdaq: 2025-01-23 10:13:00

Logitech International is set to report third-quarter fiscal 2025 results on Jan. 28. The Zacks Consensus Estimate for non-GAAP EPS is $1.35, down 11.8% from the previous year. Revenues are estimated at $1.23 billion, a 1.8% decrease from the prior year. LOGI has beaten earnings estimates in the last four quarters with an average surprise of 32.5%. Weak demand for PCs and softening IT spending may impact Logitech’s third-quarter results. PC shipments grew only 1% in 2024, affecting demand for PC peripheral products. Additionally, global economic uncertainties have led to delays in IT spending, impacting Logitech’s performance. Revenue estimates for various business units in the third quarter show potential year-over-year decreases. Despite carrying a Zacks Rank #2, Logitech’s Earnings ESP stands at 0.00%, making an earnings beat uncertain. AMETEK, SAIC, and ServiceNow are expected to post an earnings beat in their upcoming releases. ServiceNow has an Earnings ESP of +1.70% and a Zacks Rank #1, while AMETEK has an Earnings ESP of +0.54% and a Zacks Rank #2. PayPal is also expected to post strong results with an Earnings ESP of +2.41% and a Zacks Rank #3.



Read more at Nasdaq:: Logitech to Report Q3 Earnings: What’s in Store for the Stock?