Celestica has beaten EPS estimates in each of its past four reported quarters. Its next test comes after a steep share-price drop, as investors weigh fast-growing AI infrastructure demand against valuation and execution risks.
Celestica Inc. (TSX: CLS) is set to report third-quarter results after the market closes on October 26, 2026. The quarter ended September 30. One earnings calendar puts consensus EPS at C$2.97, while a separate trends feed lists C$2.69, based on 16 analysts. Check which estimate your data provider uses. The trends feed also forecasts revenue of C$5.01 billion, up 56.8% from a year earlier. Celestica has beaten estimates for four straight quarters. This report will show whether demand for AI and cloud hardware is translating into growth that can hold up under scrutiny.
Recent earnings trend
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Celestica Inc.
CLS.TO
CLS.TO
Celestica Inc.
WealthAwesomeMarket cap
$47.50B
P/E
28.3x
52W high
$655.50
52W low
$330.79
1W change
-15.67%
Beta
1.32
Analyst Price Targets
Based on analyst covering CLS · as of Oct 23, 2026
Wall Street analysts forecast CLS stock price to rise 78.8% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$673.71
+78.8% Upside
Previously C$674.70 on Oct 22, 2026
Current Price
C$376.69
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on CLS's historical volatility
30-Day Vol
68.5%
Annualized
90-Day Vol
78.3%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$315.09
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$354.92 | C$280.24 – C$449.50 |
| 60 trading days | C$334.41 | C$239.44 – C$467.06 |
| 90 trading days | C$315.09 | C$209.28 – C$474.39 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 16 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 4 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-26 | — | 2.9700 | — |
| 2026-06-30 | 2026-07-27 | 2.5400 | 2.3100 | +10.0% |
| 2026-03-31 | 2026-04-27 | 2.1600 | 2.0800 | +3.8% |
| 2025-12-31 | 2026-01-28 | 1.8900 | 1.7600 | +7.4% |
| 2025-09-30 | 2025-10-27 | 1.5800 | 1.4900 | +6.0% |
| 2025-06-30 | 2025-07-28 | 1.3900 | 1.2300 | +13.0% |
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Investor takeaway: Celestica’s growth outlook is strong, but an earnings beat isn’t guaranteed. The trends data points to sharp year-over-year growth in EPS and revenue, and the company has beaten EPS estimates in each of its past four quarters. Still, the stock has fallen sharply. Investors will look for signs that growth comes with solid execution and lasting profitability. Celestica’s reported P/E is about 28.3. Recent coverage has also pointed to risks from capacity investment, working-capital needs and reliance on large customers.
The trends feed estimates C$2.69 in EPS
That estimate, based on 16 analysts, is 70.6% above year-ago EPS of C$1.58. A separate calendar lists EPS at C$2.97, so the estimate source matters when comparing results. Celestica beat its EPS estimate in each of the past four quarters, by 3.85% to 9.96%.
Bull case
Celestica builds and manages complex hardware platforms for technology companies and cloud providers. That gives CLS.TO exposure to data-centre networking, servers and other AI infrastructure. Recent coverage points to demand from hyperscalers and the rollout of higher-speed networking programs as potential growth drivers. The estimate trend has held steady over the past 30 days, with 14 upward revisions and no downward revisions. Celestica also beat EPS estimates in each of its past four quarters. If demand turns into shipments and earnings as expected, the report could strengthen the growth case.
Bear case
High expectations leave room for disappointment, even if earnings rise from a year ago. The trends feed forecasts EPS growth of 70.6%, but the stock has weakened. Its last close was C$376.69, down 24.92% over the past month and 12.04% in the latest session. Recent coverage has flagged the cost of expanding production, working-capital needs, customer concentration and competition. There’s also uncertainty about whether AI infrastructure spending will generate adequate returns. Investors may judge the report on more than EPS: they’ll want to see whether revenue growth supports margins and cash flow.
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