Published on 1 Apr 2024 on Zacks via Yahoo Finance

Here's Why You Should Add Logitech (LOGI) to Your Portfolio

Logitech International S.A. LOGI is one stock that investors should consider adding to their portfolio to benefit from its upside potential. Earnings estimates for the company’s current and next fiscal years have increased, implying robust inherent growth potential.

The Zacks Consensus Estimate for fiscal 2024 earnings has been revised 11 cents upward over the past 60 days to $3.88 per share. The consensus mark for fiscal 2025 earnings has been revised 2 cents upward to $4.10 per share in the past 60 days. Additionally, it has a long-term earnings growth expectation of 13.1%. It delivered a solid earnings surprise of 39.8%, on average, in the trailing four quarters.

The stock also has a favorable combination of a Zacks Rank #2 (Buy) and a Growth Score of A. The Growth Style Score condenses all the essential metrics from a company’s financial statements to get a true sense of the quality and sustainability of its growth. Per Zacks’ proprietary methodology, stocks with a combination of a Zacks Rank #1 (Strong Buy) or 2 and a Growth Score of A or B offer solid investment opportunities.