On July 23, Celestica rose 5.81% in after-hours trading, trading at $354.99/share, with turnover of $7.4245 million.
On the news front, UBS recently published a preview report stating that supply chain headwinds previously weighing on Celestica have eased, while Meta and Amazon demand for Ethernet switches remains robust. UBS indicated the company's current-quarter revenue could exceed market consensus by 3% to 4%. Celestica is scheduled to report earnings after market close on July 27, with consensus forecasting revenue of approximately $4.366 billion, representing 63.12% year-over-year growth, and adjusted EPS of $2.30, up 85.31% year-over-year. Institutional sentiment remains broadly bullish, and capital appears to be positioning ahead of the earnings window to front-run a potential beat.
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