LOGITECH (LOGI)

EARNINGS RELEASE MONDAY - OCTOBER 21 (AMC)

Trade Assist May Not Be Available For All Jump Trades (See Trade Plan

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JUMP REPORT

Avg Daily Volume: 156,918    Market Cap: 6.68B
Sector: None    Short Interest: 2.61

EARNINGS EXPECTATIONS:  

     THIS QTR:   EPS:     .50/share     REV:  723.9/M
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     LAST QTR:  EPS:      .35/share     ACTUAL:   .39/share  (BEAT)
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     NEXT QTR:  EPS:     .85/share     REV: 915.19/M
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     FULL YR:     EPS:     2.09/share    REV: 2,960/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD:  73%  OF THE TIME THEY BEAT ESTIMATES

PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 4.89, -8.65, 1.97

EXPECTED JUMP MOVE:  8-10%

Links To Latest News and Headlines

The maker of computer keyboards and mice also raised its full-year forecast, saying it now expects annual sales to increase between 35% and 40% in constant currencies and non-GAAP operating income of between $700 million and $725 million. “The growth trends that drive our business have accelerated as society adjusts to its new reality,” said Chief Executive Officer Bracken Darrell in a statement. Net income rose to $266.9 million from $73 million a year earlier.

Logitech International (SIX: LOGN) (Nasdaq: LOGI) today announced financial results for the second quarter of Fiscal Year 2021.

19 Oct, 2020 @ 20:05 by Yahoo! Finance

Newly public Corsair Gaming received a stampede of bullish reports from Wall Street analysts on Monday. The maker of video game hardware is a play on the esports and PC gaming markets.

16 Oct, 2020 @ 15:53 by Yahoo! Finance

Though a solid Video Collaboration business is expected to have aided Logitech's (LOGI) second-quarter fiscal 2021 performance, a weak Mobile Speakers segment might have been an overhang.

16 Oct, 2020 @ 14:10 by Yahoo! Finance

Logitech International (NASDAQ: LOGI) will be releasing its next round of earnings this Monday, October 19. For all of the relevant information, here is your guide for Monday's Q2 earnings announcement.Earnings and Revenue Logitech International earnings will be near $0.57 per share on sales of $832.06 million, according to analysts. In the same quarter last year, Logitech International posted EPS of $0.5 on sales of $719.69 million. If the company were to match the consensus estimate when it reports Monday, EPS would be up 14.0%. Revenue would be up 15.61% from the year-ago period. Logitech International's reported EPS has stacked up against analyst estimates in the past like this:Quarter Q1 2020 Q4 2020 Q3 2020 Q2 2019 EPS Estimate 0.34 0.35 0.79 0.5 EPS Actual 0.64 0.42 0.84 0.5 Revenue Estimate 689.20 M 652.10 M 897.21 M 723.62 M Revenue Actual 791.89 M 709.25 M 902.69 M 719.69 M Stock Performance Over the last 52-week period, shares of Logitech International are up 97.55%.View more earnings on LOGIDo not be surprised to see the stock move on comments made during its conference call. Logitech International is scheduled to hold the call at 08:30:00 ET and can be accessed here: https://ir.logitech.com/events-and-presentations/default.aspxSee more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Stocks That Hit 52-Week Highs On Monday * Stocks That Hit 52-Week Highs On Thursday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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ANALYSIS:   

StockJumpers trajectory analysis reveals a positive market reaction to the release news. We are expecting a beat on both the top and bottom and positive guidance.

We are biased LONG on this event.

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OUR TRADE PLAN:

ENTRY:  BUY – end of day
STOP LOSS:   NA
INITIAL PROFIT TARGET:  6%
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TRADE ASSIST:  YES

POST RELEASE ACTION: 

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There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory. 

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