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Celestica (CLS) Dips More Than Broader Market: What You Should Know
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Celestica (CLS - Free Report) ended the recent trading session at $306.50, demonstrating a -12.78% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.07%. On the other hand, the Dow registered a loss of 0.51%, and the technology-centric Nasdaq decreased by 1.69%.
Heading into today, shares of the electronics manufacturing services company had gained 20.04% over the past month, outpacing the Computer and Technology sector's gain of 1.6% and the S&P 500's gain of 0.94%.
Investors will be eagerly watching for the performance of Celestica in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.73, reflecting a 55.86% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $3.45 billion, up 35.53% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.9 per share and revenue of $12.19 billion, which would represent changes of +52.06% and +26.34%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Celestica. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, Celestica holds a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Celestica is holding a Forward P/E ratio of 59.53. This signifies a premium in comparison to the average Forward P/E of 21.74 for its industry.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 6, positioning it in the top 3% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Celestica (CLS) Dips More Than Broader Market: What You Should Know
Celestica (CLS - Free Report) ended the recent trading session at $306.50, demonstrating a -12.78% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 1.07%. On the other hand, the Dow registered a loss of 0.51%, and the technology-centric Nasdaq decreased by 1.69%.
Heading into today, shares of the electronics manufacturing services company had gained 20.04% over the past month, outpacing the Computer and Technology sector's gain of 1.6% and the S&P 500's gain of 0.94%.
Investors will be eagerly watching for the performance of Celestica in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.73, reflecting a 55.86% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $3.45 billion, up 35.53% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.9 per share and revenue of $12.19 billion, which would represent changes of +52.06% and +26.34%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Celestica. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. As of now, Celestica holds a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Celestica is holding a Forward P/E ratio of 59.53. This signifies a premium in comparison to the average Forward P/E of 21.74 for its industry.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 6, positioning it in the top 3% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.