Celestica Inc reports results for the quarter ended in June - Earnings Summary

Celestica

25/07/2024 24:13

* Celestica Inc  CLS.TO  reported quarterly adjusted
earnings of
91 cents​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 55
cents.  The mean expectation of six analysts for the quarter was
for earnings of 81 cents per share. Wall Street expected
results to range from 80 cents to 82 cents per share.
    * Revenue rose 23.3% to $2.39 billion from a year ago;
analysts
expected $2.25 billion. 
    * Celestica Inc's reported EPS for the quarter was 83
cents​.
    * The company reported quarterly net income of $99.6
million.
    * Celestica Inc shares had risen by 1.8% this quarter and
gained 105.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 14% in
the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the electronic
equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Celestica Inc is
$53.00 
This summary was machine generated from LSEG data July 24 at
11:13 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.81           0.91           Beat
 Mar. 31 2024      0.72           0.86           Beat
 Dec. 31 2023      0.68           0.76           Beat
 Sep. 30 2023      0.60           0.65           Beat