For its second fiscal quarter (ending June 30), Celestica Inc (NYSE: CLS) has reported a 110% increase in E.P.S. from $0.10 a year ago to $0.21 in the current quarter. However, this performance was $-0.03 short of the consensus estimate of $0.24. E.P.S. were $0.69 for the latest four quarters through June 30 versus $-0.02 for the same period a year ago.
Recent Price Action
Celestica Inc (NYSE: CLS) stock closed at $7.46 on 7/26/21 after an increase of 1.4%. This advance was accompanied by normal trading volume. The stock has been weak relative to the market over the last nine months but has risen 1.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CLS is expected to continue to be a Value Builder.
Celestica has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Celestica has a very high Appreciation Score of 95 but a neutral Power Rating of 44, with the Positive Value Trend Rating the result.
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.