Celestica (CLS) shares declined 1.12% in recent trading, underperforming the S&P 500, though the stock has risen 27.39% over the past month, outpacing both its sector and the broader market. Upcoming earnings are expected to show a 35.16% EPS increase to $1.23 and a 10.95% revenue increase to $2.65 billion compared to the prior year's quarter, with full-year estimates projecting a 30.15% rise in EPS to $5.05 and a 13.15% increase in revenue to $10.91 billion; the stock currently holds a Zacks Rank of #3 (Hold) and trades at a forward P/E of 24, a premium to its industry's average of 19.3.
Celestica (CLS) recently experienced a minor pullback, closing at $119.90 with a 1.12% decline, underperforming the S&P 500's slight gain on the day. This contrasts with its significant 27.39% appreciation over the past month, which substantially outpaced both the Computer and Technology sector's 7.95% gain and the S&P 500's 5.2% rise. Investor attention is keenly focused on the upcoming earnings release, where Celestica is forecasted to report a robust EPS of $1.23, a 35.16% year-over-year increase, and revenue of $2.65 billion, up 10.95% from the prior year's quarter. Full-year projections are similarly strong, with consensus estimates indicating a 30.15% growth in EPS to $5.05 and a 13.15% increase in revenue to $10.91 billion. Despite these bullish growth outlooks, the Zacks Consensus EPS estimate has remained unchanged over the last 30 days, and the stock currently carries a Zacks Rank of #3 (Hold). Celestica trades at a forward P/E ratio of 24, a premium to its industry average of 19.3, while its Electronics - Manufacturing Services industry itself holds a relatively weak Zacks Industry Rank of 204, placing it in the bottom 18% of industries, suggesting potential sector-level headwinds.
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moderately positive
Sentiment Score
0.50
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