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Celestica (CLS) Gains As Market Dips: What You Should Know
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In the latest trading session, Celestica (CLS - Free Report) closed at $11.24, marking a +0.72% move from the previous day. This move outpaced the S&P 500's daily loss of 0.09%. Meanwhile, the Dow lost 0.56%, and the Nasdaq, a tech-heavy index, added 0.22%.
Coming into today, shares of the electronics manufacturing services company had gained 4.1% in the past month. In that same time, the Computer and Technology sector gained 7.08%, while the S&P 500 gained 5.55%.
Investors will be hoping for strength from Celestica as it approaches its next earnings release. In that report, analysts expect Celestica to post earnings of $0.53 per share. This would mark year-over-year growth of 20.45%. Meanwhile, our latest consensus estimate is calling for revenue of $1.96 billion, up 29.44% from the prior-year quarter.
CLS's full-year Zacks Consensus Estimates are calling for earnings of $1.86 per share and revenue of $7.16 billion. These results would represent year-over-year changes of +43.08% and +27.15%, respectively.
Investors might also notice recent changes to analyst estimates for Celestica. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Celestica is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, Celestica is currently trading at a Forward P/E ratio of 6. This represents a discount compared to its industry's average Forward P/E of 11.76.
Meanwhile, CLS's PEG ratio is currently 0.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Manufacturing Services was holding an average PEG ratio of 0.74 at yesterday's closing price.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 3, putting it in the top 2% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Celestica (CLS) Gains As Market Dips: What You Should Know
In the latest trading session, Celestica (CLS - Free Report) closed at $11.24, marking a +0.72% move from the previous day. This move outpaced the S&P 500's daily loss of 0.09%. Meanwhile, the Dow lost 0.56%, and the Nasdaq, a tech-heavy index, added 0.22%.
Coming into today, shares of the electronics manufacturing services company had gained 4.1% in the past month. In that same time, the Computer and Technology sector gained 7.08%, while the S&P 500 gained 5.55%.
Investors will be hoping for strength from Celestica as it approaches its next earnings release. In that report, analysts expect Celestica to post earnings of $0.53 per share. This would mark year-over-year growth of 20.45%. Meanwhile, our latest consensus estimate is calling for revenue of $1.96 billion, up 29.44% from the prior-year quarter.
CLS's full-year Zacks Consensus Estimates are calling for earnings of $1.86 per share and revenue of $7.16 billion. These results would represent year-over-year changes of +43.08% and +27.15%, respectively.
Investors might also notice recent changes to analyst estimates for Celestica. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Celestica is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, Celestica is currently trading at a Forward P/E ratio of 6. This represents a discount compared to its industry's average Forward P/E of 11.76.
Meanwhile, CLS's PEG ratio is currently 0.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Manufacturing Services was holding an average PEG ratio of 0.74 at yesterday's closing price.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 3, putting it in the top 2% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.