Down 6.55% pre-market Jan 2026: CLS.TO Celestica Inc. (TSX) Q4 earnings watch
Shares of Celestica Inc. (CLS.TO stock) opened the pre-market on 23 Jan 2026 after a heavy sell-off, trading at C$400.29, down -6.55% on volume of 954,688. The move comes eight trading days before Celestica reports Q4 results on 28 Jan 2026, and investors are pricing near-term risk around customer sourcing and demand for data center infrastructure. We focus this earnings spotlight on the consensus drivers, valuation signals and what the next print must deliver to sustain the recent rally
CLS.TO stock: Pre-market price action and volume signals
CLS.TO stock traded between C$378.42 and C$421.08 in the session, with an open at C$418.99 and previous close C$428.35. The one-day decline of -6.55% comes on a relative volume of 1.48x, which suggests outsized selling ahead of the earnings release.
This single-day fall trimmed a recent run that delivered +125.73% over the last year, showing momentum can reverse quickly around company-specific headlines.
CLS.TO stock: Earnings outlook and consensus estimates
Celestica is set to report Q4 after market close on 28 Jan 2026, with analysts expecting EPS C$1.73 and revenue of C$3.4898 billion according to recent previews. Market chatter about customer-sourcing shifts and mixed previews likely pushed the pre-market weakness; see coverage from MarketBeat.
Street estimates look for FY2026 EPS near C$4.00 and FY2027 EPS near C$5.00, so the Q4 print must show continued margin leverage in the Connectivity & Cloud segment to maintain the bullish case.
CLS.TO stock: Fundamentals and valuation metrics
On fundamentals, Celestica reports EPS 8.54 (TTM) and a trailing PE of 46.87 at the current price of C$400.29. Revenue per share is 97.79 and book value per share is 17.64, implying a high price-to-book multiple of ~16.54 that reflects growth expectations.
Profitability and cash flow are strong: return on equity is 38.51%, interest coverage 20.09x, and free cash flow per share 2.86, but price-to-free-cash-flow at ~103.66x flags rich valuation relative to peers in the Technology sector.
CLS.TO stock: Technical setup and trading indicators
Technicals show RSI near 49.66, MACD histogram slightly positive and a 50-day average of C$433.08 versus the 200-day average C$295.36, signaling medium-term strength but short-term weakness. Bollinger middle band sits at C$419.44, which the stock breached on the sell-off.
Volume indicators show on-balance volume at 7,937,712 and average volume 645,269, confirming that today’s trade is heavier than normal and could accelerate directional moves into earnings.
CLS.TO stock: Meyka AI grade and forecast
Meyka AI rates CLS.TO with a score of 79.17 out of 100 — Grade B+ — Suggestion: BUY. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are not guarantees and we are not financial advisors.
Meyka AI’s forecast model projects a monthly price of C$454.21 (+13.47% vs C$400.29), a quarterly price of C$363.74 (-9.13%) and a one-year projection of C$294.49 (-26.44%). Forecasts are model-based projections and not guarantees.
CLS.TO stock: Catalysts and risks into the earnings report
Key catalysts include continued hyperscaler demand, Ethernet switch wins and upside in cooling TAM, which analysts highlight in previews and upgrades like the piece on Seeking Alpha. Strong execution could justify higher targets.
Principal risks are customer sourcing changes, execution delays on new contracts, and a rich valuation that requires outsized earnings growth to hold multiples. Monitor management commentary on order backlog and margin guidance.
Final Thoughts
Celestica (CLS.TO stock) enters the 28 Jan 2026 Q4 report with a mixed picture: strong execution and hyperscaler exposure underpin a bullish multi-quarter story, but today’s pre-market -6.55% drop shows how sensitive the stock is to customer and demand headlines. Our model notes a near-term monthly projection of C$454.21 (+13.47%) and a quarterly projection of C$363.74 (-9.13%) versus the current C$400.29. Investors should watch Q4 revenue mix, gross margin and order backlog commentary; better-than-expected guidance could re-rate the stock toward the higher analyst targets such as C$440.00 from some houses, while a cautious guide could prompt a reversion toward the yearly model at C$294.49. We use Meyka AI’s grade (B+, 79.17/100) and forecast as analytical inputs. For a quick company page and live data, see CLS.TO on Meyka. Remember, this is market analysis, not investment advice, and forecasts are model-based projections and not guarantees.
FAQs
When does Celestica report Q4 and what are the EPS estimates?
Celestica will report Q4 after market close on 28 Jan 2026. Analysts expect about EPS C$1.73 for the quarter; CLS.TO stock moves will hinge on revenue and margin guidance.
How rich is the valuation on CLS.TO stock?
CLS.TO stock trades at a trailing PE near 46.87 and price-to-book around 16.54, implying investors expect continued strong earnings growth to justify the premium.
What are Meyka AI’s price projections for CLS.TO stock?
Meyka AI’s forecast model projects monthly C$454.21 (+13.47%), quarterly C$363.74 (-9.13%) and one-year C$294.49 (-26.44%) versus current C$400.29; projections are model-based and not guarantees.
What short-term catalysts could move CLS.TO stock after earnings?
Short-term catalysts include management guidance on hyperscaler demand, Ethernet switch wins and backlog updates; clear upside in these areas would likely lift CLS.TO stock.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
