Logitech International Analysts Slash Their Forecasts Following Q2 Results

Benzinga10-24

Logitech International S.A. (NASDAQ:LOGI) reported better-than-expected second-quarter FY25 results on Tuesday.

Revenue rose 6% (both reported and constant currencies) to $1.116 billion, marginally exceeding the consensus of $1.11 billion. Adjusted EPS of $1.20 beat the consensus of $0.99.

The company raised its FY25 sales outlook to $4.39 billion -$4.47 billion, up 2% – 4% (from the previously expected $4.34 billion – $4.43 billion) versus the consensus of $4.512 billion. Logitech now sees an adjusted operating income of $720 million – $750 million (versus $700 million – $730 million prior view).

Hanneke Faber, chief executive officer, said, "Growth was broad-based, across regions, categories, and both our consumer and business customers. We launched a terrific set of innovations in the quarter and we are ready for the holidays."

Logitech shares fell 4.4% to trade at $80.26 on Wednesday.

These analysts made changes to their price targets on Logitech following earnings announcement.

Barclays analyst Tim Long maintained Logitech International with an Overweight and lowered the price target from $105 to $103.
JP Morgan analyst Samik Chatterjee maintained the stock with a Neutral and lowered the price target from $98 to $93.
Wedbush analyst Alicia Reese reiterated Logitech International with a Neutral and maintained a price target of $88.

Considering buying LOGI stock? Here’s what analysts think:

Read Next:

Wall Street’s Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields

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Logitech now sees an adjusted operating income of $720 million – $750 million (versus $700 million – $730 million prior view).</p>\n<p>Hanneke Faber, chief executive officer, said, \"Growth was broad-based, across regions, categories, and both our consumer and business customers. We launched a terrific set of innovations in the quarter and we are ready for the holidays.\"</p>\n<p>Logitech shares fell 4.4% to trade at $80.26 on Wednesday.</p>\n<p>These analysts made changes to their price targets on Logitech following earnings announcement.</p>\n<ul>\n<li>Barclays analyst Tim Long maintained Logitech International with an Overweight and lowered the price target from $105 to $103.</li>\n<li>JP Morgan analyst Samik Chatterjee maintained the stock with a Neutral and lowered the price target from $98 to $93.</li>\n<li>Wedbush analyst Alicia Reese reiterated Logitech International with a Neutral and maintained a price target of $88.</li>\n</ul>\n<p><strong>Considering buying LOGI stock? Here’s what analysts think: </strong></p>\n<figure><img decoding=\"async\" height=\"529\" loading=\"lazy\" sizes=\"(max-width: 1024px) 100vw, 1024px\" src=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23141018/image-220-1024x529.png\" srcset=\"https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23141018/image-220-1024x529.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23141018/image-220-300x155.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23141018/image-220-768x397.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/23141018/image-220.png 1211w\" width=\"1024\"/></figure>\n<p><strong>Read Next: </strong></p>\n<ul>\n<li><strong>Wall Street’s Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields</strong></li>\n</ul></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Logitech International Analysts Slash Their Forecasts Following Q2 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLogitech International Analysts Slash Their Forecasts Following Q2 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-24 02:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/earnings/24/10/41497942/logitech-international-analysts-slash-their-forecasts-following-q2-results><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Logitech International S.A. (NASDAQ:LOGI) reported better-than-expected second-quarter FY25 results on Tuesday.\nRevenue rose 6% (both reported and constant currencies) to $1.116 billion, marginally ...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/24/10/41497942/logitech-international-analysts-slash-their-forecasts-following-q2-results\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.benzinga.com/news/earnings/24/10/41497942/logitech-international-analysts-slash-their-forecasts-following-q2-results","article_id":"2477557691","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477557691","pubTimestamp":1729707146,"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","LOGI":"罗技","BK4524":"宅经济概念","BK4534":"瑞士信贷持仓","BK4170":"电脑硬件、储存设备及电脑周边","BK4585":"ETF&股票定投概念"},"translate_title":"罗技国际分析师在第二季度业绩公布后大幅下调预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LOGI":1},"content_text":"Logitech International S.A. (NASDAQ:LOGI) reported better-than-expected second-quarter FY25 results on Tuesday.\nRevenue rose 6% (both reported and constant currencies) to $1.116 billion, marginally exceeding the consensus of $1.11 billion. Adjusted EPS of $1.20 beat the consensus of $0.99.\nThe company raised its FY25 sales outlook to $4.39 billion -$4.47 billion, up 2% – 4% (from the previously expected $4.34 billion – $4.43 billion) versus the consensus of $4.512 billion. Logitech now sees an adjusted operating income of $720 million – $750 million (versus $700 million – $730 million prior view).\nHanneke Faber, chief executive officer, said, \"Growth was broad-based, across regions, categories, and both our consumer and business customers. We launched a terrific set of innovations in the quarter and we are ready for the holidays.\"\nLogitech shares fell 4.4% to trade at $80.26 on Wednesday.\nThese analysts made changes to their price targets on Logitech following earnings announcement.\n\nBarclays analyst Tim Long maintained Logitech International with an Overweight and lowered the price target from $105 to $103.\nJP Morgan analyst Samik Chatterjee maintained the stock with a Neutral and lowered the price target from $98 to $93.\nWedbush analyst Alicia Reese reiterated Logitech International with a Neutral and maintained a price target of $88.\n\nConsidering buying LOGI stock? Here’s what analysts think: \n\nRead Next: \n\nWall Street’s Most Accurate Analysts Give Their Take On 3 Tech Stocks Delivering High-Dividend Yields","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477557691"}