Celestica's Earnings Outlook
Portfolio Pulse from Benzinga Insights
Celestica (NYSE:CLS) is set to release its quarterly earnings on October 23, 2024, with analysts expecting an EPS of $0.93. Despite a previous EPS beat, the stock price dropped, highlighting the importance of guidance. Celestica's shares have risen 122.8% over the past year, and analysts maintain a 'Buy' rating with a price target of $63.17, indicating an 11.45% upside. The company leads in revenue growth and gross profit among peers but has a lower return on equity.
October 22, 2024 | 3:02 pm
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Celestica is expected to report an EPS of $0.93. Despite past EPS beats, stock prices have dropped, emphasizing the importance of guidance. Analysts rate it a 'Buy' with a price target of $63.17, suggesting an 11.45% upside. The company shows strong revenue growth and gross profit but lower return on equity.
Celestica's upcoming earnings report is crucial, with analysts expecting an EPS of $0.93. The stock has shown volatility post-earnings despite EPS beats, indicating that guidance will be key. Analysts' 'Buy' rating and price target suggest potential upside, supported by strong revenue growth and gross profit. However, the lower return on equity could be a concern.
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