Shares of Celestica Inc (CLS: CA) surged 5% during morning trade on Wednesday following the announcement of a major change within its board of directors. Laurette T. Koellner, a member of the board and Chair of the Audit Committee, will be stepping down from her role effective January 31, 2025.
The news comes just days before the company is expected to release its Q4 earnings report, which analysts anticipate will showcase substantial growth.
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Expected Q4 Earnings Report of Celestica Inc:
Celestica Inc is scheduled to report its Q4 earnings on January 29, 2025, with analysts projecting earnings per share (EPS) of CAD 1.04, a significant rise from CAD 0.68 in the same quarter last year. This reflects the company’s impressive growth trajectory.
Recent analyst ratings underscore this optimism. RBC Capital recently raised its price target to CAD 165, maintaining an ‘Outperform’ rating, while Canaccord Genuity issued a ‘Buy’ rating with a target of CAD 158.
TD Securities and CIBC World Markets have also expressed bullish sentiments with respective price targets of CAD 102 and CAD 94.
Stock Target Advisor’s Analysis on Celestica Inc:
According to Stock Target Advisor, Celestica Inc. carries a “Very Bullish” rating based on 16 positive signals and zero negative signals. The stock also ranks highly on profitability ratios such as return on invested capital (13.64%) and return on equity (21.22%).
Stay informed about the latest updates and insights on Celestica’s stock performance by visiting their Market Performance page.
Conclusion:
Celestica Inc’s remarkable performance, coupled with its bullish sentiment among analysts and investors, positions it as a standout in the electronic components sector.
As the company prepares to release its Q4 earnings report, investors and analysts alike remain optimistic about its growth prospects, buoyed by strong earnings expectations and positive momentum.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
