Investors might want to bet on Celestica (CLS) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this electronics manufacturing services company, should get reflected in its stock price. After all, empirical research shows a str ...

Shares of Celestica (CLS) have been strong performers lately, with the stock up 22% over the past month. The stock hit a new 52-week high of $35.23 in the previous session. Celestica has gained 17.4% since the start of the year compared to the 3.5% move for the Zacks Computer and Technology sector and the 1.6% return for the Zacks Electronics - Manufacturing Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings cons ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...

TORONTO, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Celestica Inc. (TSX:CLS) (NYSE:CLS), a leader in design, manufacturing and supply chain solutions for the world's most innovative companies, is pleased to announce the appointment of Kulvinder (Kelly) Ahuja to its Board of Directors effective January 29, 2024. "I'm pleased to welcome Kelly to the Board of Directors of Celestica," said Mike Wilson, Chair, Celestica's Board of Directors. "Kelly brings extensive industry knowledge and leadership acumen that will be va ...

IFRS Earnings from operations $ 40.6 $ 62.7 $ 78.4 $ 81.6 $ 59.4 $ 87.8 $ 117.4 $ 118.6 $ 383.2 $ 263.3 $ 167.7 $ 90.2 $ 99.8 Multiplier to annualize earnings 4 4 4 4 4 4 4 4 1 1 1 1 1 Annualized IFRS earnings from operations $ 162.4 $ 250.8 $ 313.6 $ 326.4 $ 237.6 $ 351.2 $ 469.6 $ 474.4 $ 383.2 $ 263.3 $ 167.7 $ 90.2 $ 99.8 Average Net Invested Capital for the period $ 2,000.7 $ 2,036.8 $ 2,044.2 $ 2,085.4 $ 2,127.1 $ 2,132.6 $ 2,155.9 $ 2,193.7 $ 2,152.8 $ 2,040.3 $ 1,682.2 $ 1,600.1 $ 1,719.7 IFRS ROIC ...

Celestica Inc. (NYSE:CLS) Q4 2023 Earnings Conference Call January 30, 2024 8:00 AM ET Company Participants Craig Oberg - VP, IR & Corporate Development Rob Mionis - President & CEO Mandeep Chawla - CFO Conference Call Participants Robert Young - Canaccord Maxim Matushansky - RBC Capital Markets Thanos Moschopoulos - BMO Daniel Chan - TD Securities Matt Sheerin - Stifel Todd Coupland - CIBC Operator Good day, ladies and gentlemen, and welcome to Celestica Q4 2023 Earnings Conference Call. At this time, all ...

TORONTO, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Celestica Inc. ("Celestica" or the "Corporation") ((NYSE, TSX:CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, today announced that the Annual and Special Meeting of its Shareholders (the "Meeting") will be held on Thursday, April 25, 2024 at 9:30 a.m. EDT in a virtual format. Record Date Celestica also announced that it has set Friday, March 8, 2024 as the record date for determining s ...

Celestica (CLS) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 11.76%. A quarter ago, it was expected that this electronics manufacturing services company would post earnings of $0.61 per share when it actually produced earnings of $0.65, delivering a surprise of 6.56%.Over the last ...

Q4 2023 non-IFRS adjusted EPS* above high end of guidance rangeQ4 2023 non-IFRS operating margin* reaches 6.0% (All amounts in U.S. dollars. Per share information based on dilutedshares outstanding unless otherwise noted.) TORONTO, Jan. 29, 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 financial results for the quarter ended December 31, 2023 (Q4 2023)† ...

Exhibit 99.1 FOR IMMEDIATE RELEASE January 29, 2024 (All amounts in U.S. dollars. Per share information based on diluted shares outstanding unless otherwise noted.) Q4 2023 non-IFRS adjusted EPS* above high end of guidance range Q4 2023 non-IFRS operating margin* reaches 6.0% CELESTICA ANNOUNCES FOURTH QUARTER 2023 FINANCIAL RESULTS TORONTO, Canada - Celestica Inc. (TSX: CLS) (NYSE: CLS), a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companie ...