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Celestica (CLS) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest trading session, Celestica (CLS - Free Report) closed at $49.99, marking a +0.73% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.25% for the day. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.56%.
Coming into today, shares of the electronics manufacturing services company had lost 2.69% in the past month. In that same time, the Computer and Technology sector lost 0.11%, while the S&P 500 gained 1.65%.
Market participants will be closely following the financial results of Celestica in its upcoming release. The company's upcoming EPS is projected at $0.92, signifying a 41.54% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $2.41 billion, up 18.01% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.65 per share and a revenue of $9.47 billion, indicating changes of +50.21% and +18.93%, respectively, from the former year.
Any recent changes to analyst estimates for Celestica should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Celestica presently features a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Celestica is presently being traded at a Forward P/E ratio of 13.6. For comparison, its industry has an average Forward P/E of 13.44, which means Celestica is trading at a premium to the group.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 177, finds itself in the bottom 31% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Celestica (CLS) Surpasses Market Returns: Some Facts Worth Knowing
In the latest trading session, Celestica (CLS - Free Report) closed at $49.99, marking a +0.73% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.25% for the day. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.56%.
Coming into today, shares of the electronics manufacturing services company had lost 2.69% in the past month. In that same time, the Computer and Technology sector lost 0.11%, while the S&P 500 gained 1.65%.
Market participants will be closely following the financial results of Celestica in its upcoming release. The company's upcoming EPS is projected at $0.92, signifying a 41.54% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $2.41 billion, up 18.01% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $3.65 per share and a revenue of $9.47 billion, indicating changes of +50.21% and +18.93%, respectively, from the former year.
Any recent changes to analyst estimates for Celestica should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Celestica presently features a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Celestica is presently being traded at a Forward P/E ratio of 13.6. For comparison, its industry has an average Forward P/E of 13.44, which means Celestica is trading at a premium to the group.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 177, finds itself in the bottom 31% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.