We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ON Semiconductor Corp. (ON) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
ON Semiconductor Corp. (ON - Free Report) closed at $71.56 in the latest trading session, marking a +0.8% move from the prior day. This move outpaced the S&P 500's daily gain of 0.73%. Elsewhere, the Dow gained 0.31%, while the tech-heavy Nasdaq added 0.01%.
Prior to today's trading, shares of the semiconductor components maker had lost 2.53% over the past month. This has lagged the Computer and Technology sector's loss of 0.58% and the S&P 500's gain of 0.09% in that time.
Wall Street will be looking for positivity from ON Semiconductor Corp. as it approaches its next earnings report date. The company is expected to report EPS of $1.26, up 15.6% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.09 billion, up 12.99% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.27 per share and revenue of $8.3 billion. These totals would mark changes of +78.64% and +23.19%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for ON Semiconductor Corp.These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.16% higher. ON Semiconductor Corp. is currently a Zacks Rank #3 (Hold).
Digging into valuation, ON Semiconductor Corp. currently has a Forward P/E ratio of 13.48. For comparison, its industry has an average Forward P/E of 15.53, which means ON Semiconductor Corp. is trading at a discount to the group.
Also, we should mention that ON has a PEG ratio of 0.58. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. ON's industry had an average PEG ratio of 0.8 as of yesterday's close.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 187, putting it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
ON Semiconductor Corp. (ON) Outpaces Stock Market Gains: What You Should Know
ON Semiconductor Corp. (ON - Free Report) closed at $71.56 in the latest trading session, marking a +0.8% move from the prior day. This move outpaced the S&P 500's daily gain of 0.73%. Elsewhere, the Dow gained 0.31%, while the tech-heavy Nasdaq added 0.01%.
Prior to today's trading, shares of the semiconductor components maker had lost 2.53% over the past month. This has lagged the Computer and Technology sector's loss of 0.58% and the S&P 500's gain of 0.09% in that time.
Wall Street will be looking for positivity from ON Semiconductor Corp. as it approaches its next earnings report date. The company is expected to report EPS of $1.26, up 15.6% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.09 billion, up 12.99% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.27 per share and revenue of $8.3 billion. These totals would mark changes of +78.64% and +23.19%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for ON Semiconductor Corp.These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.16% higher. ON Semiconductor Corp. is currently a Zacks Rank #3 (Hold).
Digging into valuation, ON Semiconductor Corp. currently has a Forward P/E ratio of 13.48. For comparison, its industry has an average Forward P/E of 15.53, which means ON Semiconductor Corp. is trading at a discount to the group.
Also, we should mention that ON has a PEG ratio of 0.58. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. ON's industry had an average PEG ratio of 0.8 as of yesterday's close.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 187, putting it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.