Analyst Predicts Logitech Will Report Tariffs Impact on 10% of Its Products
Wedbush Securities maintained an “outperform” rating on Logitech in a Thursday research note to investors, before a scheduled fiscal Q3 financials release Monday. The analyst firm expects $863 million in revenue largely on $334 million in creativity and productivity sales,…
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but it projects a 1.4 percent slip to $229 million in music, driven by an 8 percent falloff in mobile speakers. It projects a 10 percent hike in audio and wearables, 25 percent growth in gaming and a 40 percent drop in smart home. The company is acting to mitigate the impact of tariffs through product cost savings, improved efficiencies, and the positive impact of accounting changes, wrote analyst Michael Pachter. He estimated on the conservative side that 10 percent of Logitech products are affected by up to 25 percent tariffs, for a 50 basis-point impact.