Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Celestica (CLS) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Celestica currently has an average broker ...

TORONTO, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Celestica Inc. (TSX: CLS) (NYSE: CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, today launched its DS4100, a new 1U 800G per port top-of-rack, leaf/spine switch designed to address the high-bandwidth demands of AI/ML data center networking across enterprise, service provider and cloud provider domains. The DS4100 is the latest addition to Celestica's portfolio of storage, compute and ...

- Maintained Stable Visual Acuity and Anatomical Control Over 9 Months - - Positive Safety Profile with No Ocular or Treatment-Related Serious Adverse Events - - 67% of CLS-AX Participants Did Not Require Any Additional Treatment up to 6 Months - - Reduced Treatment Burden by 84% Over 6 Months - - Webcast and Conference Call Today at 8:00 A.M. ET with Management and Key Opinion Leader and BoardCertified Retinal Specialist, Roger Goldberg, M.D., MBA - ALPHARETTA, Ga., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Clears ...

Stock Performance - Celestica's stock has returned +27.6% over the past month, outperforming the Zacks S&P 500 composite's +5.4% change [2] - The Zacks Electronics - Manufacturing Services industry, which Celestica is part of, has gained 19.3% during the same period [2] Earnings Estimates - Celestica is expected to post earnings of $0.92 per share for the current quarter, representing a year-over-year change of +41.5% [5] - For the current fiscal year, the consensus earnings estimate of $3.65 points to a change of +50.2% from the prior year [5] - For the next fiscal year, the consensus earnings estimate of $3.99 indicates a change of +9.3% from the previous year [6] - The Zacks Consensus Estimate for earnings has remained unchanged over the last 30 days for both the current quarter and fiscal year [5][6] Revenue Growth - The consensus sales estimate for the current quarter is $2.41 billion, representing a year-over-year change of +18% [9] - For the current fiscal year, the sales estimate is $9.47 billion, indicating a change of +18.9% [9] - For the next fiscal year, the sales estimate is $10.28 billion, representing a change of +8.5% [9] - Celestica reported revenues of $2.39 billion in the last reported quarter, a year-over-year change of +23.3% [9] - The company beat consensus revenue estimates by +6.33% in the last quarter [10] Valuation - Celestica is graded A on the Zacks Value Style Score, indicating it is trading at a discount to its peers [14] - The company's valuation metrics suggest it may be undervalued compared to its historical values and industry peers [12][14] Earnings Surprise History - Celestica reported EPS of $0.91 for the last quarter, compared to $0.55 a year ago, representing a +10.98% surprise [9][10] - The company has beaten consensus EPS estimates in each of the trailing four quarters [10] - Celestica has also topped consensus revenue estimates in each of the trailing four quarters [10] Zacks Rank - Celestica has a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [7][15]

TORONTO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Celestica's third quarter financial results conference call and virtual investor meeting will take place on Wednesday, October 23. The conference call start time is 5:00pm ET. Financial results will be released after market close. During the investor meeting, Celestica's management will provide an overview of the business, growth opportunities and its financial outlook. Participants are invited to join the live webcast at the following link. For those unable to par ...

JR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He has also demonstrated outperformance with his picks. He focuses on identifying growth investing opportunities that present the most attracti ...

TORONTO, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Celestica Inc. (TSX: CLS) (NYSE: CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, today announced that its Johor, Malaysia operation was honoured with a 2024 Supplier Excellence Award from Lam Research, a global provider of innovative wafer fabrication equipment and services to the semiconductor industry. Recognized from Lam's ecosystem of thousands of suppliers worldwide, Celestica wa ...

Celestica (NYSE: CLS ) has declined by 6.4% since my initial coverage, which was bullish . My updated analysis of CLS suggests that the share price pullback has nothing to do with the company's fundamentals. Celestica's financial As an investor who started my path five years ago with my own capital, I represent a blend of hands on experience and academic background in corporate finance. Due to my relatively young age I thrive on discovering long-duration growth opportunities and actively seek out opportunit ...

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Celestica (CLS), and highlights the importance of using these recommendations in conjunction with other analytical tools like the Zacks Rank. Group 1: Brokerage Recommendations - Celestica has an average brokerage recommendation (ABR) of 1.57, indicating a position between Strong Buy and Buy, based on recommendations from seven brokerage firms [2] - Of the seven recommendations, four are Strong Buy and two are Buy, which account for 57.1% and 28.6% of all recommendations respectively [2] - Despite the positive ABR, relying solely on this information for investment decisions may not be advisable, as studies show brokerage recommendations often fail to guide investors effectively [3] Group 2: Analyst Bias and Limitations - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, often issuing five "Strong Buy" recommendations for every "Strong Sell" [4] - This bias indicates a misalignment of interests between brokerage firms and retail investors, which can lead to misleading insights regarding stock price movements [5][8] Group 3: Zacks Rank vs. ABR - The Zacks Rank is a proprietary tool that classifies stocks based on earnings estimate revisions, providing a more reliable indicator of near-term price performance compared to ABR [6][9] - Unlike ABR, which is based solely on brokerage recommendations, the Zacks Rank is updated frequently to reflect changes in earnings estimates, making it a timely tool for predicting future price movements [10] Group 4: Current Performance and Outlook for Celestica - The Zacks Consensus Estimate for Celestica's current year earnings remains unchanged at $3.65, suggesting steady analyst views on the company's earnings prospects [11] - The recent consensus estimate change, along with other factors, has resulted in a Zacks Rank of 3 (Hold) for Celestica, indicating a cautious approach despite the Buy-equivalent ABR [12]

In the latest trading session, Celestica (CLS) closed at $49.99, marking a +0.73% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.25% for the day. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.56%. Coming into today, shares of the electronics manufacturing services company had lost 2.69% in the past month. In that same time, the Computer and Technology sector lost 0.11%, while the S&P 500 gained 1.65%. Market participants will be closely fo ...