Celestica (CLS) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.The upward trend in estimate revisions for this electronics manufacturing services company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlat ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...

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 ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help ...

TORONTO, April 25, 2024 (GLOBE NEWSWIRE) -- Celestica Inc. ((NYSE, TSX:CLS), a leader in design, manufacturing and supply chain solutions for the world's most innovative companies, today announced, in accordance with the requirements of the Toronto Stock Exchange, that the nominees listed in its management information circular were elected as directors of the company at its Annual and Special Meeting of Shareholders held earlier today. On a vote by ballot, each of the following nine nominees proposed by man ...

Celestica Inc. (NYSE:CLS) Q1 2024 Earnings Call Transcript April 25, 2024 8:00 AM ET Company Participants Craig Oberg - VP, IR & Corporate Development Rob Mionis - President and Chief Executive Officer Mandeep Chawla - Chief Financial Officer Conference Call Participants Robert Young - Canaccord Genuity Daniel Chan - TD Cowen Matt Sheerin - Stifel Thanos Moschopoulos - BMO Capital Markets Jesse Pytlak - Cormark Securities Paul Treiber - RBC Capital Markets Todd Coupland - CIBC Operator Good morning, ladies ...

1 Cautionary Note Regarding Forward- Looking Statements Forward-looking statements are not guarantees of future performance and are subject to risks that could cause actual results to differ materially from those expressed or implied in such forward-looking statements, including, among others, risks related to: customer and segment concentration; reduction in customer revenue; erosion in customer market competitiveness; changing revenue mix and margins; uncertain market, political and economic conditions; o ...

Celestica (CLS) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 19.44%. A quarter ago, it was expected that this electronics manufacturing services company would post earnings of $0.68 per share when it actually produced earnings of $0.76, delivering a surprise of 11.76%.Over the last ...

At March 31, 2024, our A/R balance included $247.7 (December 31, 2023 — $250.8) of contract assets recognized as revenue in accordance with our revenue recognition accounting policy. 13 more... CELESTICA INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in millions of U.S. dollars, except percentages and per share amounts) (unaudited) We recorded Acquisition Costs of $1.0 in Q1 2024 related to potential acquisitions (Q1 2023 — $0.3). On December 8, 2022, the TSX accepted our notice to launch an NCI ...

Q1 2024 revenue and non-IFRS adjusted EPS* above the high end of guidance ranges;2024 full-year outlook raised (All amounts in U.S. dollars. Per share information based on diluted shares outstanding unless otherwise noted.) TORONTO, April 24, 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 March 31, 2024 (Q1 2024)†. " ...