Canaccord Genuity Maintains a 'Buy' on Celestica (CLS); Q1 Preview and Q2 Forecast
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Price: $302.00 +0.21%
Rating Summary:
18 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
Rating Summary:
18 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 15 | New: 40
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Canaccord Genuity maintains a 'Buy' on Celestica (NYSE: CLS), PT $13.
Canaccord analyst says, "Celestica will release its Q1/11 results on Thursday, April 21 at 7:00 am ET. We believe new program ramps in server and smartphone end markets and steady macro recovery, combined with strong management, cash balance and bottomline focus offset near-term concerns from Japan and the optical inventory correction...For Q1, we forecast revenue and core EPS of $1.78 billion (down 5% QoQ) and $0.23 ($0.16 GAAP)."
"Q2/11 outlook – We forecast revenue of $1.8 billion, up 1.4% QoQ and 13.5%
YoY and EPS of $0.26. The supply chain impact from Japan remains a concern for Q2. We expect gross margins to increase to 7.0% and operating margins of 3.5% as higher margin programs begin to ramp."
For more ratings news on Celestica click here and for the rating history of Celestica click here.
Shares of Celestica closed at $10.50 yesterday.
Canaccord analyst says, "Celestica will release its Q1/11 results on Thursday, April 21 at 7:00 am ET. We believe new program ramps in server and smartphone end markets and steady macro recovery, combined with strong management, cash balance and bottomline focus offset near-term concerns from Japan and the optical inventory correction...For Q1, we forecast revenue and core EPS of $1.78 billion (down 5% QoQ) and $0.23 ($0.16 GAAP)."
"Q2/11 outlook – We forecast revenue of $1.8 billion, up 1.4% QoQ and 13.5%
YoY and EPS of $0.26. The supply chain impact from Japan remains a concern for Q2. We expect gross margins to increase to 7.0% and operating margins of 3.5% as higher margin programs begin to ramp."
For more ratings news on Celestica click here and for the rating history of Celestica click here.
Shares of Celestica closed at $10.50 yesterday.
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