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The most recent trading session ended with Celestica (CLS) standing at $91.78, reflecting a +0.22% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.64% gain on the day. Elsewhere, the Dow saw an upswing of 0.85%, while the tech-heavy Nasdaq appreciated by 0.31%.
Prior to today's trading, shares of the electronics manufacturing services company had lost 30.65% over the past month. This has lagged the Computer and Technology sector's loss of 11.22% and the S&P 500's loss of 7.69% in that time.
The investment community will be paying close attention to the earnings performance of Celestica in its upcoming release. The company's earnings per share (EPS) are projected to be $1.10, reflecting a 27.91% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $2.55 billion, reflecting a 15.34% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.78 per share and revenue of $10.77 billion. These totals would mark changes of +23.2% and +11.69%, respectively, from last year.
Any recent changes to analyst estimates for Celestica should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.77% higher within the past month. Celestica is holding a Zacks Rank of #2 (Buy) right now.
Looking at valuation, Celestica is presently trading at a Forward P/E ratio of 19.15. This indicates a premium in contrast to its industry's Forward P/E of 16.73.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 20, this industry ranks in the top 8% of all industries, numbering over 250.
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.