Celestica (CLS) Beats Q1 Earnings and Revenue Estimates

Core Viewpoint - Celestica reported quarterly earnings of $1.20 per share, exceeding the Zacks Consensus Estimate of $1.11 per share, and showing a significant increase from $0.86 per share a year ago, indicating strong performance in the electronics manufacturing services sector [1][2]. Financial Performance - The company achieved revenues of $2.65 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.71%, and up from $2.21 billion in the same quarter last year [2]. - Over the last four quarters, Celestica has exceeded consensus EPS estimates three times and has topped consensus revenue estimates three times as well [2]. Stock Performance - Celestica shares have declined approximately 4.5% since the beginning of the year, while the S&P 500 has seen a decline of 8.6%, indicating relative outperformance [3]. - The current Zacks Rank for Celestica is 3 (Hold), suggesting that the stock is expected to perform in line with the market in the near future [6]. Earnings Outlook - The consensus EPS estimate for the upcoming quarter is $1.15 on revenues of $2.62 billion, and for the current fiscal year, it is $4.77 on revenues of $10.75 billion [7]. - The trend of estimate revisions for Celestica is currently mixed, which may change following the recent earnings report [6]. Industry Context - The Electronics - Manufacturing Services industry, to which Celestica belongs, is currently ranked in the top 38% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8].