From Nasdaq:
Investors are monitoring earnings reports from tech titans like Alphabet, Microsoft, Apple, Amazon, and Meta today as they shape their portfolios for the future. Among this impressive cohort, several other tech stocks are also catching the attention of investors, including Celestica, Super Micro Computer, and Woodward.
Celestica is soaring after reporting Q4 results that beat expectations, with EPS of $0.76 a share, a 35% increase from the previous year. Total sales for fiscal 2023 reached $7.96 billion, a 10% increase, and annual earnings of $2.43 per share, a 28% increase. Its stock has rallied an astonishing +165% over the last year but still trades at a very reasonable 11.8X forward earnings multiple.
Super Micro Computer stands out with Q2 earnings of $5.59 per share, a 71% increase from the previous year. Q2 sales of $3.66 billion easily surpassed estimates, rising 103%. Its stock has seen a remarkable +620% increase over the last year, outpacing Nvidia’s growth of +198%.
Woodward reported Q1 EPS of $1.45, a 124% increase from the previous year, and beat top line estimates by 6% with quarterly sales at $786.73 million, up 27% YoY. Its stock has risen a respectable +32% over the last year, and the company raised most of its key financial guidance for fiscal 2024 based on strengthening business operations in China.
Overall, Celestica, Super Micro Computer, and Woodward all hold a Zacks Rank #1 (Strong Buy) and are benefiting from being in strong business industries that are in the top 25% of over 250 Zacks industries. Now may be a good time to consider these stocks based on their impressive quarterly results.
Read more: Top Stocks to Buy After Earnings in a Week Highlighted by Tech
