We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Celestica (CLS) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
The most recent trading session ended with Celestica (CLS - Free Report) standing at $107.05, reflecting a -0.76% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 1.59% for the day. At the same time, the Dow added 1.39%, and the tech-heavy Nasdaq gained 1.63%.
Coming into today, shares of the electronics manufacturing services company had lost 5.5% in the past month. In that same time, the Computer and Technology sector lost 3.43%, while the S&P 500 lost 2.42%.
The upcoming earnings release of Celestica will be of great interest to investors. On that day, Celestica is projected to report earnings of $1.10 per share, which would represent year-over-year growth of 27.91%. Simultaneously, our latest consensus estimate expects the revenue to be $2.55 billion, showing a 15.34% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.78 per share and a revenue of $10.77 billion, representing changes of +23.2% and +11.69%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Celestica. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 9.04% higher. Currently, Celestica is carrying a Zacks Rank of #1 (Strong Buy).
Investors should also note Celestica's current valuation metrics, including its Forward P/E ratio of 22.55. This valuation marks a premium compared to its industry's average Forward P/E of 18.31.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 3, which puts it in the top 2% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Celestica (CLS) Stock Sinks As Market Gains: What You Should Know
The most recent trading session ended with Celestica (CLS - Free Report) standing at $107.05, reflecting a -0.76% shift from the previouse trading day's closing. The stock fell short of the S&P 500, which registered a gain of 1.59% for the day. At the same time, the Dow added 1.39%, and the tech-heavy Nasdaq gained 1.63%.
Coming into today, shares of the electronics manufacturing services company had lost 5.5% in the past month. In that same time, the Computer and Technology sector lost 3.43%, while the S&P 500 lost 2.42%.
The upcoming earnings release of Celestica will be of great interest to investors. On that day, Celestica is projected to report earnings of $1.10 per share, which would represent year-over-year growth of 27.91%. Simultaneously, our latest consensus estimate expects the revenue to be $2.55 billion, showing a 15.34% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.78 per share and a revenue of $10.77 billion, representing changes of +23.2% and +11.69%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Celestica. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 9.04% higher. Currently, Celestica is carrying a Zacks Rank of #1 (Strong Buy).
Investors should also note Celestica's current valuation metrics, including its Forward P/E ratio of 22.55. This valuation marks a premium compared to its industry's average Forward P/E of 18.31.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 3, which puts it in the top 2% 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.