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Celestica (CLS) Suffers a Larger Drop Than the General Market: Key Insights
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Celestica (CLS - Free Report) ended the recent trading session at $458.14, demonstrating a -3.02% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.74%. On the other hand, the Dow registered a loss of 1.21%, and the technology-centric Nasdaq decreased by 0.89%.
Shares of the electronics manufacturing services company have appreciated by 13.11% over the course of the past month, outperforming the Computer and Technology sector's gain of 11.4%, and the S&P 500's gain of 5.39%.
Analysts and investors alike will be keeping a close eye on the performance of Celestica in its upcoming earnings disclosure. The company is forecasted to report an EPS of $2.28, showcasing a 64.03% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $4.32 billion, up 49.3% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.16 per share and a revenue of $19.06 billion, indicating changes of +67.93% and +53.82%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Celestica. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Celestica presently features a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Celestica has a Forward P/E ratio of 46.51 right now. This denotes a premium relative to the industry average Forward P/E of 32.31.
We can also see that CLS currently has a PEG ratio of 1.03. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Manufacturing Services industry currently had an average PEG ratio of 1.03 as of yesterday's close.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 107, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Celestica (CLS) Suffers a Larger Drop Than the General Market: Key Insights
Celestica (CLS - Free Report) ended the recent trading session at $458.14, demonstrating a -3.02% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.74%. On the other hand, the Dow registered a loss of 1.21%, and the technology-centric Nasdaq decreased by 0.89%.
Shares of the electronics manufacturing services company have appreciated by 13.11% over the course of the past month, outperforming the Computer and Technology sector's gain of 11.4%, and the S&P 500's gain of 5.39%.
Analysts and investors alike will be keeping a close eye on the performance of Celestica in its upcoming earnings disclosure. The company is forecasted to report an EPS of $2.28, showcasing a 64.03% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $4.32 billion, up 49.3% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.16 per share and a revenue of $19.06 billion, indicating changes of +67.93% and +53.82%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Celestica. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Celestica presently features a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Celestica has a Forward P/E ratio of 46.51 right now. This denotes a premium relative to the industry average Forward P/E of 32.31.
We can also see that CLS currently has a PEG ratio of 1.03. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Manufacturing Services industry currently had an average PEG ratio of 1.03 as of yesterday's close.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 107, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.