In the latest trading session, Celestica (CLS) closed at $334.77, marking a -2.97% move from the previous day. This change lagged the S&P 500's daily gain of 0.38%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq gained 0.62%.
The stock of electronics manufacturing services company has fallen by 9.68% in the past month, lagging the Computer and Technology sector's loss of 0.53% and the S&P 500's gain of 1.61%.
The investment community will be closely monitoring the performance of Celestica in its forthcoming earnings report. The company is scheduled to release its earnings on July 27, 2026. On that day, Celestica is projected to report earnings of $2.28 per share, which would represent year-over-year growth of 64.03%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.32 billion, up 49.3% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $10.16 per share and revenue of $19.06 billion, which would represent changes of +67.93% and +53.82%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Celestica. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Celestica is currently a Zacks Rank #3 (Hold).
In the context of valuation, Celestica is at present trading with a Forward P/E ratio of 33.97. This valuation marks a premium compared to its industry average Forward P/E of 28.75.
It is also worth noting that CLS currently has a PEG ratio of 0.75. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Electronics - Manufacturing Services industry held an average PEG ratio of 0.75.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 22, which puts it in the top 9% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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Celestica, Inc. (CLS): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).