From Nasdaq:

Celestica, Inc. CLS is set to report Q4 2023 earnings on Jan 29. It previously beat the Zacks Consensus Estimate and has a 7.77% average earnings surprise. The company is expected to see top-line growth due to demand in the computer and communication sectors and management focus on product development.

During the quarter, Celestica introduced the DS5000 high-performance 800 GbE switch, which effectively supports AI workloads and is optimized for big data analytics, high-performance computing, and cloud computing. The solution consumes 75% less energy and has a speed of 51.2 Tbps. The company’s fourth-quarter revenues are estimated to be $2,077 million, up from the year-ago quarter. The estimate for adjusted EPS is 68 cents, up from 56 cents reported a year ago.

Our proven model does not conclusively predict an earnings beat for Celestica this time around. The Earnings ESP represents the difference between the most accurate estimate and the Zacks Consensus Estimate, which is currently at 0.00%. Celestica currently has a Zacks Rank #2. However, InterDigital, NVIDIA Corporation, and Meta Platforms may post an earnings beat this season.

InterDigital, Inc. IDCC is set to release quarterly numbers on Feb 15 has an Earnings ESP of +1.93% with a Zacks Rank #1. The Earnings ESP for NVIDIA Corporation NVDA is +3.68% and it has a Zacks Rank of 1. The Earnings ESP for Meta Platforms, Inc. META is +1.46% and it carries a Zacks Rank of 2.

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Read more: Will Top-Line Growth Boost Celestica’s (CLS) Q4 Earnings?