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Source: istock, Logitech

What to Look Forward to In Logitech’s Earnings

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Logitech is set to report its earnings for the second quarter of fiscal 2021 on Oct. 19. Here's what investors can look forward to in the earnings call, analysts’ forecasts, and Logitech's stock performance.

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Logitech's earnings date and time

Logitech is expected to report its earnings on Oct. 19 at 9:00 a.m. ET before the market opens. Logitech makes PC webcams, video collaboration products, gaming, and other products that connect people through computers. Logitech is a Swiss company that's listed on the SIX Swiss Exchange and Nasdaq. 

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Source: Logitech
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Logitech has been one of the beneficiaries of the changing economy amid the COVID-19 pandemic. Since lockdowns have made more people work from home, Logitech's product sales have increased. For the quarter ended March 2020, Logitech reported sales growth of 34 percent YoY in PC webcams. Similarly, video collaboration products saw 62 percent growth YoY in the same quarter.

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Logitech stock pre-market

Logitech stock has seen a strong increase of 69 percent year-to-date, which has beaten the benchmark indices. Apart from strong sales growth, the company's financials have benefited from the work-at-home environment.

On Oct. 15, Logitech stock closed 0.46 percent lower and ended at $79.78. In the pre-market trading at 7:00 a.m. ET on Friday, Oct. 16, the stock was trading higher by 0.48 percent at $80.16. The stock's 52-week range has been $31.37–$81.74. Therefore, the stock is trading close to its 52-week high. The next catalyst for the stock will be its earnings and management's comments during the earnings call.

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Logitech dividend

Logitech has been paying regular annual dividends. The company paid the last dividend in September of $0.8694 per share. The payment date was Sept. 22 and implies a dividend yield of 1.1 percent for the stock.

Logitech's stock forecast

Among the four analysts covering Logitech, two have a buy rating and two have a hold rating for the stock. The consensus target price for the stock is $74.94, which implies a downside of 6.1 percent. Due to the significant run-up seen in the stock year-to-date, most analysts are bearish on the stock's prospects. 

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Source: Getty

For the quarter ended September 2020, analysts expect Logitech to report an EPS of $0.57, which implies 14 percent growth YoY. The company's revenues are expected to be $834.55 million — 16 percent growth YoY. For fiscal 2021, the revenues are expected to be $3.35 billion, which would mean 12.6 percent growth compared to the same period last year.

Logitech's investor relations

Logitech will hold a conference call to discuss the results on Oct. 20 at 8:30 a.m. ET. The event will be streamed live on the company's investor relations site. 

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