Investors focused on the Pc and Technologies area have very likely listened to of Logitech Worldwide (LOGI – Absolutely free Report) , but is the stock undertaking properly in comparison to the relaxation of its sector friends? A fast look at the company’s calendar year-to-day performance in comparison to the relaxation of the Laptop or computer and Engineering sector should really assistance us response this query.
Logitech Global is a member of the Computer and Technological innovation sector. This group consists of 627 particular person shares and at the moment retains a Zacks Sector Rank of #7. The Zacks Sector Rank considers 16 distinct sector groups. The average Zacks Rank of the specific stocks in the teams is calculated, and the sectors are listed from finest to worst.
The Zacks Rank is a established design that highlights a variety of shares with the right traits to outperform the industry around the subsequent one particular to a few months. The system emphasizes earnings estimate revisions and favors businesses with enhancing earnings outlooks. LOGI is presently sporting a Zacks Rank of #1 (Solid Obtain).
In just the previous quarter, the Zacks Consensus Estimate for LOGI’s complete-year earnings has moved 43.36% better. This indicators that analyst sentiment is increasing and the stock’s earnings outlook is additional good.
Based on the most latest knowledge, LOGI has returned 3.67% so much this year. In the meantime, the Personal computer and Technological innovation sector has returned an normal of 2.92% on a calendar year-to-day basis. This displays that Logitech Intercontinental is outperforming its friends so much this 12 months.
Searching extra exclusively, LOGI belongs to the Laptop – Peripheral Devices market, a group that involves 9 personal shares and at this time sits at #100 in the Zacks Sector Rank. On average, stocks in this group have acquired 4.73% this yr, which means that LOGI is a bit underperforming its sector in terms of calendar year-to-day returns.
LOGI will likely be wanting to carry on its sound general performance, so investors intrigued in Computer system and Technological know-how shares must continue on to pay out close consideration to the company.