Celestica's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Celestica (NYSE:CLS) is expected to release its quarterly earnings report on January 29, 2024, with an estimated EPS of $0.68. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Celestica's stock price has shown volatility post-earnings, with a 10.39% drop after beating EPS last quarter. Shares are currently trading at $31.72, up 147.65% over the last 52 weeks, indicating a bullish sentiment among long-term shareholders.
January 26, 2024 | 2:00 pm
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NEUTRAL IMPACT
Celestica is set to report earnings with an anticipated EPS of $0.68. Historical data shows significant stock price movement post-earnings. Long-term trend is bullish with a 147.65% increase over the past year.
The short-term impact on Celestica's stock price is uncertain and could be neutral, as the market has already priced in the bullish long-term trend. However, the actual earnings result and forward guidance will be key drivers of the stock's movement. Historical volatility post-earnings suggests that the stock could move in either direction, but the overall bullish sentiment may temper any negative reaction unless the earnings significantly miss estimates or guidance is poor.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100