In the latest close session, Celestica (CLS) was up +1.67% at $152.66. The stock's performance was ahead of the S&P 500's daily gain of 0.52%. Meanwhile, the Dow experienced a rise of 1%, and the technology-dominated Nasdaq saw an increase of 0.52%.
The stock of electronics manufacturing services company has risen by 29.03% in the past month, leading the Computer and Technology sector's gain of 9.55% and the S&P 500's gain of 5.95%.
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Learn More Powered by Money.com - Yahoo may earn commission from the links above.Market participants will be closely following the financial results of Celestica in its upcoming release. The company is forecasted to report an EPS of $1.23, showcasing a 35.16% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.65 billion, indicating a 10.95% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.05 per share and a revenue of $10.91 billion, signifying shifts of +30.15% and +13.15%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Celestica. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return 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 #2 (Buy).
Digging into valuation, Celestica currently has a Forward P/E ratio of 29.71. This expresses a premium compared to the average Forward P/E of 21.34 of its industry.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 39, positioning it in the top 16% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Story ContinuesRemember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Celestica, Inc. (CLS) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
Celestica Inc.'s (CLS) outperformance against broader stock market gains underscores its resilient business fundamentals and strategic positioning, making it a notable investment to consider for growth-seeking investors.
Investors should take notice of Celestica's (CLS) outpacing performance compared to the broader stock market gains, indicative not only on its resilience but also promising prospects for future returns.
Celestica's (CLS) impressive outperformance against the broader stock market highlights its resilient business strategy and potential for continued growth, warranting investors to reevaluate their holdings with a fresh focus on this underappreciated tech solutions provider.
Celestica's (CLS) outperformance in surpassing stock market gains highlights its resilient growth trajectory and potential for future investments as the company continues to navigate an ever-changing industry landscape with strategic direction.
Reviewing Celestica (CLS)'s impressive surge that outpaces the general stock market gains highlights its strong performance amid an otherwise volatile industry landscape, warrantying due attention from investors looking for resilient growth prospects.
Analysts appreciate the way Celestica (CLS) has outpaced stock market growth through strategic investments and consistent profitability, showing strong potential for future gains. Investors should keep an eye on these efforts as a promising sign of long-term success.
Impressive performance by Celestica (CLS) outpacing the broader stock market gains highlights its robust revenue growth and continued optimization of operations, bodes well for long-term investors.
Celestica's (CLS) impressive outperformance against the broader stock market reveals a strong track record of consistent earnings growth and strategic investments. Investors would do well to consider this company as an exemplar for navigating through economic volatility.
Celestica Inc. (CLS) outpacing the returns of broader stock markets displays its resilience and potential for solid growth, highlighting why investors should keep a close eye on this company's future performance amid continued market volatility.
