Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.850-3.850 for the period, compared to the consensus estimate of 3.650. The company issued revenue guidance of $9.6 billion-$9.6 billion, compared to the consensus revenue estimate of $9.5 billion. Celestica also updated its FY 2025 guidance to 4.420-4.420 EPS.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on CLS. BMO Capital Markets increased their price objective on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday. CIBC upped their price target on shares of Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Canaccord Genuity Group lifted their price objective on Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus upped their target price on Celestica from $58.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Royal Bank of Canada raised their target price on Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $66.67.
Check Out Our Latest Analysis on Celestica
Celestica Stock Performance
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS. Sell-side analysts anticipate that Celestica will post 3.22 EPS for the current fiscal year.
Celestica Company Profile
Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.
See Also
- Five stocks we like better than Celestica
- TSX Venture Exchange (Formerly Canadian Venture Exchange)
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- Stock Splits, Do They Really Impact Investors?
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
- Retail Stocks Investing, Explained
- MarketBeat Week in Review – 10/21- 10/25
Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.com's FREE daily email newsletter.