Celestica (CLS) Outpaces Stock Market Gains: What You Should Know
In the latest close session, Celestica (CLS) was up +1.67% at $152.66. The stock's performance was ahead of the S&P 500's daily gain of 0.52%. Meanwhile, the Dow experienced a rise of 1%, and the technology-dominated Nasdaq saw an increase of 0.52%.
The stock of electronics manufacturing services company has risen by 29.03% in the past month, leading the Computer and Technology sector's gain of 9.55% and the S&P 500's gain of 5.95%.
Market participants will be closely following the financial results of Celestica in its upcoming release. The company is forecasted to report an EPS of $1.23, showcasing a 35.16% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $2.65 billion, indicating a 10.95% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.05 per share and a revenue of $10.91 billion, signifying shifts of +30.15% and +13.15%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Celestica. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Celestica is carrying a Zacks Rank of #2 (Buy).
Digging into valuation, Celestica currently has a Forward P/E ratio of 29.71. This expresses a premium compared to the average Forward P/E of 21.34 of its industry.
The Electronics - Manufacturing Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 39, positioning it in the top 16% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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 Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
Erreur lors de la récupération des données
Connectez-vous pour accéder à votre portefeuille
Erreur lors de la récupération des données
Erreur lors de la récupération des données
Erreur lors de la récupération des données
Erreur lors de la récupération des données
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fox News
30 minutes ago
- Fox News
Trump reveals a Gaza ceasefire could come within next week
All times eastern Fox Business in Depth: Red, White and Blue Collar/Dagen McDowell Maria Bartiromo's Wall Street FOX News Radio Live Channel Coverage
Forbes
31 minutes ago
- Forbes
Crypto IPO: 3 Things You Need To Know About The IPO Season
The Wall Street sign in the Financial District of Lower Manhattan in New York City. Circle's successful IPO has sent a signal. A strong one. The crypto world is heating up again, but this time, it's happening on Wall Street. Crypto companies are making a comeback after a long period of regulatory uncertainty. Circle, the stablecoin issuer, has initiated a global sensation in capital markets. Understandably so. Circle's recent debut on the New York Stock Exchange as CRCL was impressive, to say the least. CRCL's share price skyrocketed nearly 600% from its IPO price of $31 to a high of $215 during the day. With a market cap of $45 billion, Circle has quickly become the representative of a new trend, giving rise to a crypto IPO season. Was it a flashy debut? Yes, and for all good reasons. Circle's IPO, the biggest in recent history, marks a major milestone in the industry's journey toward mainstream acceptance. USDC, Circle's flagship stablecoin, is backed by over $32 billion in reserves and is already a core component of onchain finance, serving as a payment medium that dominates the whole crypto ecosystem. But there are three key things you need to know about this year's IPO season to understand this phenomenon. 1. It's Only The Beginning Of Crypto IPOs Just days after Circle's IPO, Gemini, the crypto exchange founded by Tyler and Cameron Winklevoss, confidentially filed paperwork for its own IPO in the U.S. At the same time, all eyes moved onto Kraken, which is reportedly preparing to go public sometime in early 2026. Another company making moves is BitGo, a regulated U.S. crypto custodian. Back in February, reports suggested it was aiming for an IPO as early as 2025. A few other names also stand out as potential IPO contenders: These companies span the entire spectrum, from custody and analytics to wallets and infrastructure. What they have in common is a fresh appetite for public capital and growing investor interest, especially institutional one. As one analyst put it, 'After watching Circle's stock take off, any crypto firm with a clear business model is now looking at the IPO route seriously.' 2. The IPO Process Although the range of companies participating in the IPO summer is wide, crypto exchanges are leading the charge in pursuing US stock market listings. Think Gemini, Kraken, Bullish Global, FalconX, and Bithumb. These types of businesses are particularly well-positioned for public listing due to their strong cash flows, large customer bases, and stable business models that appeal to traditional investors. There are different ways companies can go about executing public offerings. Traditional IPOs remain the gold standard, particularly for mature companies with strong compliance records and established business operations. However, this process is very complex and time-consuming, making it most suitable for larger platforms with proven business models and solid profitability. That's why for smaller cryptocurrency companies seeking a faster path to public markets, reverse mergers have become a popular alternative. Companies, such as TRON, have successfully leveraged this approach by acquiring existing public companies to quickly gain access to the stock market, bypassing the lengthy traditional IPO process. Meanwhile, some companies are opting for direct listings. This is shown by Kraken's approach, which achieved a $16.2 billion valuation. They were able to create market liquidity for their shares without the need to raise new capital, making it ideal for firms that don't necessarily require additional funding but instead want to provide exit opportunities for existing shareholders. 3. High Crypto IPO Expectations Circle has definitely set a high bar. Its stock soared, boosting confidence across the crypto sector. But Circle isn't your typical crypto company. Their stablecoin, USDC, is a go-to onchain payment solution. In addition, its business model—earning yield on reserve assets—is easy for traditional finance folks to understand. Retail and institutional demand are growing, and with a government no longer hostile, investors see 2025 as the year when crypto companies leverage the IPO playbook. The dramatic shift in institutional adoption is particularly compelling. As of January 2025, 86% of institutional investors reported having exposure to digital assets or planned to make digital asset allocations later in the year. Additionally, recent success stories have proven that crypto companies can achieve substantial valuations in public markets. Circle's roughly $1.1 billion public listing formed the largest crypto IPO in recent history, sparking high expectations among industry experts that more digital asset companies will soon follow suit. However, only time will tell if this crypto IPO summer turns into an IPO supercycle, but Coinbase being the best performing S&P500 stock in June is definitely a promising sign.
Forbes
31 minutes ago
- Forbes
‘Huge' BlackRock Crypto Bombshell Suddenly Hurtling Toward Bitcoin At Key Price ‘Turning Point'
Bitcoin has bounced back in recent weeks, surging as serious U.S. dollar collapse fears drive billionaire interest in bitcoin. Front-run Donald Trump, the White House and Wall Street by subscribing now to Forbes' CryptoAsset & Blockchain Advisor where you can "uncover blockchain blockbusters poised for 1,000% plus gains!" The bitcoin price has soared toward its all-time high of $112,000 per bitcoin, with traders betting a looming Federal Reserve flip will turbo-charge the crypto market. Now, as U.S. president Donald Trump issues a surprise crypto prediction, bitcoin and crypto are braced for a 'huge' BlackRock crypto market bombshell that has suddenly appeared on the 'horizon.' Sign up now for the free CryptoCodex—A daily five-minute newsletter for traders, investors and the crypto-curious that will get you up to date and keep you ahead of the bitcoin and crypto market bull run BlackRock chief executive Larry Fink has become one of the most bullish bitcoin price voices on Wall ... More Street in recent years. In-kind redemptions for the bitcoin and crypto exchange-traded funds (ETFs) that have taken Wall Street by storm over the last 18 months could be coming soon, according to U.S. Securities and Exchange Commission (SEC) commissioner Hester Peirce. 'I can't prejudge, but we hear that there's a lot of interest,' Peirce, who heads up the SEC's crypto task force, said on stage at a Bitcoin Policy Institute event, adding that in kind bitcoin and crypto ETFs are now 'on the horizon.' In-kind redemptions allow investors to exchange ETF shares directly for the underlying asset rather than receiving cash, which is currently the case for the spot bitcoin and crypto ETFs approved by the SEC in early 2024—a change described as 'huge' by Bloomberg Intelligence ETF analyst Eric Balchunas. In-kind redemptions for bitcoin and crypto funds would make it cheaper and quicker for traders to buy and sell ETF shares, potentially making them more attractive to institutional investors on Wall Street. Earlier this year, BlackRock, which has dominated the spot bitcoin ETF market with its $75 billion IBIT fund, asked the SEC to permit in-kind creations and redemptions for bitcoin ETFs, instead of having to use cash, with the likes of Fidelity and other smaller bitcoin and crypto ETF providers following suit. "Those (forms) are going through the process now," Peirce said. Sign up now for CryptoCodex—A free, daily newsletter for the crypto-curious The bitcoin price has rocketed to an all-time high this year, helped by BlackRock's massive $75 ... More billion bitcoin exchange-traded fund (ETF). BlackRock, which manages after around $10 trillion worth of assets for investors, spearheaded Wall Street's campaign to bring a long-awaited spot bitcoin ETF to market in 2023, with a fleet of funds debuting in January 2024 that now hold 1.4 million bitcoin worth $152 billion. BlackRock's fund alone holds around 3% of the 21 million bitcoin that will ever exist, worth almost $75 billion at the current bitcoin price, which some have warned could be giving BlackRock outsized control over the network. Meanwhile, the combined bitcoin price and crypto market is on the verge of a 'turning point' as it hits $3.4 trillion, according to one analyst. 'The $3.4 trillion to 3.55 trillion range is a turning point, which has activated sellers and prevented the market from consolidating higher,' Alex Kuptsikevich, FxPro chief market analyst, said in emailed comments. 'Since the end of Wednesday, bitcoin has been testing the $108,000 mark, but it will sell off when it touches this level. Over the past couple of days, we have seen a smooth but steady intraday uptrend, accompanied by heavy buying from medium—and long-term investors. We see this as a sign of buying by professional market participants and link it to strengthening stocks, which increases the likelihood of reaching $110,000 or even $112,000 as early as this week.'
