Celestica (CLS) Stock Declines While Market Improves: Some Information for Investors

Group 1 - Celestica's stock closed at $59.40, reflecting a -0.13% change from the previous day, underperforming compared to the S&P 500's gain of 0.55% [1] - Over the past month, Celestica's shares increased by 4.77%, which is lower than the Computer and Technology sector's gain of 5.73% but higher than the S&P 500's gain of 4.28% [1] Group 2 - Celestica currently holds a Zacks Rank of 3 (Hold), with no changes in the Zacks Consensus EPS estimate over the past month [2] - The Forward P/E ratio for Celestica is 17.94, which is above the industry average of 15.77, indicating that Celestica is trading at a premium [3] Group 3 - The Electronics - Manufacturing Services industry, to which Celestica belongs, has a Zacks Industry Rank of 226, placing it in the bottom 11% of over 250 industries [3] Group 4 - Celestica's upcoming earnings report is scheduled for July 24, 2024, with projected EPS of $0.81, representing a 47.27% increase year-over-year, and expected revenue of $2.25 billion, reflecting a 15.78% rise from the same quarter last year [6] - For the full year, analysts expect earnings of $3.32 per share and revenue of $9.12 billion, indicating changes of +36.63% and +14.59% respectively from the previous year [7] Group 5 - Recent changes to analyst estimates for Celestica are important as they often indicate shifts in near-term business trends, with positive changes suggesting analyst optimism regarding the company's performance [8]