Why Celestica (CLS) Dipped More Than Broader Market Today

Celestica (CLS) ended the recent trading session at $248.03, demonstrating a -4.99% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.16%. Elsewhere, the Dow saw an upswing of 0.44%, while the tech-heavy Nasdaq depreciated by 0.76%. Coming into today, shares of the electronics manufacturing services company had gained 4.85% in the past month. In that same time, the Computer and Technology sector gained 3.34%, while the S&P 500 gained 1.14%. The investment community will be paying close attention to the earnings performance of Celestica in its upcoming release. The company is slated to reveal its earnings on October 27, 2025. On that day, Celestica is projected to report earnings of $1.45 per share, which would represent year-over-year growth of 39.42%. Alongside, our most recent consensus estimate is anticipating revenue of $3 billion, indicating a 19.99% upward movement from the same quarter last year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.55 per share and revenue of $11.63 billion, indicating changes of +43.04% and +20.61%, respectively, compared to the previous year. It is also important to note the recent changes to analyst estimates for Celestica. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Celestica presently features a Zacks Rank of #2 (Buy). In the context of valuation, Celestica is at present trading with a Forward P/E ratio of 47.04. This valuation marks a premium compared to its industry average Forward P/E of 18.27. The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 47, putting it in the top 20% of all 250+ industries. The Zacks Industry Rank gauges the strength of our individual 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. You can find more information on all of these metrics, and much more, on Zacks.com. Zacks Names #1 Semiconductor StockThis under-the-radar company specializes in semiconductor products that titans like NVIDIA don't build. It's uniquely positioned to take advantage of the next growth stage of this market. And it's just beginning to enter the spotlight, which is exactly where you want to be.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $971 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Celestica, Inc. (CLS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks