What is Scotiabank's Forecast for Celestica FY2026 Earnings?

Key Points

• Scotiabank raised its FY2026 EPS forecast for Celestica to $10.85 from $10.69 and projects FY2027 EPS of $20.90. Its rating remains “Sector Outperform,” with a $500 price target.
• Celestica reported quarterly EPS of $3.30, beating the $3.02 consensus, while revenue of $5.74 billion exceeded expectations of $5.39 billion.
• Analysts overall maintain a “Buy” consensus and an average price target of $453.32; two rate the stock Strong Buy, 21 Buy, and one Hold.

Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS - Stock analysts at Scotiabank upped their FY2026 earnings estimates for Celestica in a research report issued on Monday, November 2nd. Scotiabank analyst K. Krishnaratne now forecasts that the technology company will post earnings of $10.85 per share for the year, up from their prior forecast of $10.69. Scotiabank has a "Sector Outperform" rating and a $500.00 price target on the stock. The consensus estimate for Celestica's current full-year earnings is $10.93 per share. Scotiabank also issued estimates for Celestica's FY2027 earnings at $20.90 EPS.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings data on Monday, October 26th. The technology company reported $3.30 EPS for the quarter, topping analysts' consensus estimates of $3.02 by $0.28. The business had revenue of $5.74 billion for the quarter, compared to analysts' expectations of $5.39 billion. Celestica had a net margin of 6.83% and a return on equity of 33.80%.

Other equities analysts have also recently issued research reports about the company. Canaccord Genuity Group increased their target price on Celestica from $455.00 to $480.00 and gave the company a "buy" rating in a report on Thursday, October 29th. Sanford C. Bernstein restated an "outperform" rating on shares of Celestica in a report on Thursday, October 15th. UBS Group upped their target price on shares of Celestica from $430.00 to $453.00 and gave the stock a "buy" rating in a report on Wednesday, October 28th. BMO Capital Markets reaffirmed an "outperform" rating and set a $400.00 target price on shares of Celestica in a report on Friday, October 23rd. Finally, Wall Street Zen cut shares of Celestica from a "buy" rating to a "hold" rating in a research report on Sunday, September 6th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $453.32.

Celestica Stock Performance

CLS opened at $205.53 on Friday. Celestica has a 52-week low of $197.50 and a 52-week high of $474.02. The company has a quick ratio of 1.03, a current ratio of 1.61 and a debt-to-equity ratio of 0.13. The firm's fifty day simple moving average is $319.52 and its two-hundred day simple moving average is $329.71. The company has a market cap of $25.92 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 0.63 and a beta of 2.10.

Insider Activity at Celestica

In other Celestica news, President Todd C. Cooper sold 20,118 shares of the business's stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the transaction, the president owned 73,252 shares of the company's stock, valued at approximately $26,370,720. The trade was a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Robert Mionis sold 23,396 shares of the company's stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $364.22, for a total value of $8,521,291.12. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 67,010 shares of company stock valued at $24,278,487. Insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Everest Financial Group LLC lifted its stake in Celestica by 31.4% during the 3rd quarter. Everest Financial Group LLC now owns 1,380 shares of the technology company's stock worth $499,000 after acquiring an additional 330 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Celestica by 143.9% during the 3rd quarter. Fifth Third Bancorp now owns 644 shares of the technology company's stock valued at $233,000 after acquiring an additional 380 shares during the period. Maryland State Retirement & Pension System acquired a new position in Celestica in the 3rd quarter valued at about $4,956,000. Jefferies Financial Group Inc. acquired a new position in Celestica in the 3rd quarter valued at about $5,423,000. Finally, Keybank National Association OH grew its position in Celestica by 37.6% in the 3rd quarter. Keybank National Association OH now owns 2,761 shares of the technology company's stock valued at $998,000 after acquiring an additional 755 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

About Celestica

Celestica Inc is a global provider of design, manufacturing, and supply chain solutions for original equipment manufacturers and other technology companies. The company helps customers develop, produce, and support complex hardware and integrated systems across their product life cycles.

Its services include product design and engineering, electronics and mechanical manufacturing, systems integration, testing, supply chain management, logistics, and after-market support. Celestica serves markets such as communications, enterprise and cloud computing, aerospace and defense, industrial technology, health technology, and capital equipment.

Headquartered in Toronto, Canada, Celestica operates a global network of manufacturing, engineering, and supply chain facilities serving customers in North America, Europe, and Asia.

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