Shares of Celestica Inc. (NYSE:CLS) surged 5.25% in pre-market trading on Monday, as investors eagerly await the company's third-quarter earnings report scheduled for release after the closing bell. The Toronto, Canada-based electronics manufacturing services company has captured market attention with analysts projecting strong financial results.

Wall Street analysts are expecting Celestica to report quarterly earnings of $1.49 per share, a significant increase from $1.04 per share in the same quarter last year. The consensus estimate for the company's quarterly revenue stands at $3.04 billion, up from $2.5 billion in the year-ago period. These optimistic projections, coupled with recent analyst upgrades, appear to be fueling the stock's pre-market rally.

Several top analysts have recently revised their outlook on Celestica. RBC Capital's Paul Treiber maintained an Outperform rating and raised the price target from $225 to $315, while Goldman Sachs initiated coverage with a Buy rating and a $340 price target. The company's strong performance in the previous quarter, where it reported better-than-expected Q2 results and raised its FY25 guidance, has also contributed to the positive sentiment. As Celestica prepares to unveil its Q3 results, investors seem to be positioning themselves for potentially another round of impressive financials.