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Is Logitech International (LOGI) Stock Outpacing Its Computer and Technology Peers This Year?

Zacks Equity Research
Cooper Cos. (COO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Logitech International (LOGI) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of LOGI and the rest of the Computer and Technology group's stocks.

Logitech International is one of 640 companies in the Computer and Technology group. The Computer and Technology group currently sits at #4 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. LOGI is currently sporting a Zacks Rank of #1 (Strong Buy).

Over the past 90 days, the Zacks Consensus Estimate for LOGI's full-year earnings has moved 2.49% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

Based on the latest available data, LOGI has gained about 32.38% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 24.16% on average. This means that Logitech International is performing better than its sector in terms of year-to-date returns.

Looking more specifically, LOGI belongs to the Computer - Peripheral Equipment industry, a group that includes 12 individual stocks and currently sits at #50 in the Zacks Industry Rank. On average, this group has gained an average of 28.83% so far this year, meaning that LOGI is performing better in terms of year-to-date returns.

LOGI will likely be looking to continue its solid performance, so investors interested in Computer and Technology stocks should continue to pay close attention to the company.


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