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

Celestica

24/04/2024 23:57

* Celestica Inc  CLS.TO  reported quarterly adjusted
earnings of
86 cents​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of 47
cents.  The mean expectation of six analysts for the quarter was
for earnings of 72 cents per share. Wall Street expected
results to range from 71 cents to 75 cents per share.
    * Revenue rose 20.2% to $2.21 billion from a year ago;
analysts
expected $2.10 billion. 
    * Celestica Inc's reported EPS for the quarter was 85
cents​.
    * The company reported quarterly net income of $101.7
million.
    * Celestica Inc shares had fallen by 1.8% this quarter and
gained 54.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20.6%
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 3 "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
$43.00 
This summary was machine generated from LSEG data April 24 at
10:57 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
 Mar. 31 2024      0.72           0.86           Beat
 Dec. 31 2023      0.68           0.76           Beat
 Sep. 30 2023      0.60           0.65           Beat
 Jun. 30 2023      0.48           0.55           Beat