Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) updated its second quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.750-0.850 for the period, compared to the consensus EPS estimate of 0.710. The company issued revenue guidance of $2.2 billion-$2.3 billion, compared to the consensus revenue estimate of $2.1 billion. Celestica also updated its FY 2024 guidance to 3.300-3.300 EPS.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. StockNews.com downgraded Celestica from a buy rating to a hold rating in a research report on Wednesday, February 28th. TD Securities boosted their price objective on Celestica from $33.00 to $40.00 and gave the stock a buy rating in a research note on Wednesday, January 31st. Canaccord Genuity Group raised their target price on Celestica from $32.50 to $38.00 and gave the company a buy rating in a research note on Wednesday, January 31st. Royal Bank of Canada lifted their target price on Celestica from $38.00 to $47.00 and gave the stock an outperform rating in a report on Monday. Finally, BMO Capital Markets upped their price target on shares of Celestica from $37.00 to $48.00 and gave the company an outperform rating in a report on Monday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $36.38.
View Our Latest Stock Analysis on CLS
Celestica Trading Up 0.8 %
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last posted its quarterly earnings data on Monday, January 29th. The technology company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.08. Celestica had a return on equity of 17.09% and a net margin of 3.07%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.08 billion. On average, sell-side analysts anticipate that Celestica will post 2.59 earnings per share for the current fiscal year.
About Celestica
Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.
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