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Celestica, Inc. (CLS) is Attracting Investor Attention: Here is What You Should Know
CLSCelestica(CLS) ZACKS·2024-10-08 14:10

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 0.92pershareforthecurrentquarter,representingayearoveryearchangeof+41.50.92 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 3.99indicatesachangeof+9.33.99 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 9.47billion,indicatingachangeof+18.99.47 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 2.39billioninthelastreportedquarter,ayearoveryearchangeof+23.32.39 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]