Analysts expect Celestica to report an earnings per share (EPS) of $0.93.
The announcement from Celestica is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Historical Earnings Performance
During the last quarter, the company reported an EPS beat by $0.10, leading to a 4.35% drop in the share price on the subsequent day.
Here's a look at Celestica's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
0.81
0.72
0.68
0.60
EPS Actual
0.91
0.86
0.76
0.65
Price Change %
-4.0%
-2.0%
2.0%
-10.0%
Performance of Celestica Shares
Shares of Celestica were trading at $56.68 as of October 21. Over the last 52-week period, shares are up 122.8%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
Analyst Views on Celestica
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Celestica.
The consensus rating for Celestica is Buy, based on 6 analyst ratings. With an average one-year price target of $63.17, there's a potential 11.45% upside.
Comparing Ratings Among Industry Peers
In this analysis, ...
