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Celestica (CLS) Ascends While Market Falls: Some Facts to Note
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Celestica (CLS - Free Report) closed at $361.84 in the latest trading session, marking a +1.61% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 1.13%.
The stock of electronics manufacturing services company has risen by 16.04% in the past month, leading the Computer and Technology sector's gain of 6.68% and the S&P 500's gain of 1.26%.
The upcoming earnings release of Celestica will be of great interest to investors. The company is expected to report EPS of $3.01, up 90.51% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $5.4 billion, showing a 69.1% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $11.32 per share and a revenue of $20.35 billion, demonstrating changes of +87.11% and +64.27%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Celestica. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Celestica is carrying a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Celestica is holding a Forward P/E ratio of 31.45. This represents a premium compared to its industry average Forward P/E of 24.45.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 7, placing it within the top 3% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Celestica (CLS) Ascends While Market Falls: Some Facts to Note
Celestica (CLS - Free Report) closed at $361.84 in the latest trading session, marking a +1.61% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.76%. Elsewhere, the Dow lost 0.68%, while the tech-heavy Nasdaq lost 1.13%.
The stock of electronics manufacturing services company has risen by 16.04% in the past month, leading the Computer and Technology sector's gain of 6.68% and the S&P 500's gain of 1.26%.
The upcoming earnings release of Celestica will be of great interest to investors. The company is expected to report EPS of $3.01, up 90.51% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $5.4 billion, showing a 69.1% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $11.32 per share and a revenue of $20.35 billion, demonstrating changes of +87.11% and +64.27%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Celestica. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Celestica is carrying a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Celestica is holding a Forward P/E ratio of 31.45. This represents a premium compared to its industry average Forward P/E of 24.45.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 7, placing it within the top 3% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.