3 Reasons Logitech's Post-Earnings Selloff Is a Buying Opportunity
Logitech International (NASDAQ: LOGI) delivered another great quarterly report on Tuesday, with strong results reflecting continued high demand for keyboards, webcams, and other PC peripherals. But investors were disappointed with management's outlook, which anticipates that sales will be flat on a constant-currency basis in its fiscal 2022 (which will end in March). The shares sank by 10% during the trading session after the fiscal Q1 2022 earnings report was released, but at its now-lower price, this stock could be a value investor's dream.
Trading at a forward price-to-earnings (P/E) ratio of 25, it's hard to argue that the stock is overvalued, especially with analysts forecasting that Logitech's earnings per share will grow at an annualized rate of 30% over the next five years.
Here are three takeaways from the earnings report that show why the stock is a great value at these levels.
Source Fool.com
