Movement Alert|Celestica Overnight Rise 5.09%, UBS Bullish Call Combined with Strong Earnings Expectations

Market Focus
Jul 23

On July 23, Celestica rose 5.09% overnight, trading at $352.99/share, with turnover of $369,000.

On the news front, UBS recently issued a bullish preview report stating that supply chain headwinds previously weighing on Celestica have eased, while demand from Meta and Amazon for Ethernet switches remains robust. UBS projects that the company's quarterly revenue could exceed market consensus by 3% to 4%.

Celestica is scheduled to report earnings on July 27 after market close. Consensus estimates call for quarterly revenue of approximately $4.366 billion, representing year-over-year growth of 63.12%, with adjusted EPS forecast at $2.30, up 85.31% year-over-year. Institutional sentiment is broadly positive, and capital appears to be front-running an earnings beat as the reporting window approaches.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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