Celestica Rated Zacks Rank #2 Buy on Strong Earnings Growth

Earnings
โดย Zacks Investment Research·Read original
Summary · why it matters

Celestica has been assigned a Zacks Rank #2 (Buy), indicating it may outperform the broader market in the near term. The electronics manufacturing services company is expected to post earnings of $2.28 per share for the current quarter, a year-over-year increase of 64%, while full-year consensus estimates stand at $10.16 per share, up 67.9% from the prior year. Revenue projections also show robust growth, with the current quarter's consensus sales estimate at $4.32 billion, a 49.3% jump, and full-year estimates of $19.06 billion and $26.9 billion for the current and next fiscal years, representing increases of 53.8% and 41.1%, respectively. Celestica has beaten consensus earnings and revenue estimates in each of the trailing four quarters, and its stock has returned 12.6% over the past month, outpacing the S&P 500's 1.6% gain. The Zacks Value Style Score grades the stock a C, suggesting it is trading at par with its peers.

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