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ON Semiconductor Corp. (ON) Stock Slides as Market Rises: Facts to Know Before You Trade
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ON Semiconductor Corp. (ON - Free Report) closed at $59.08 in the latest trading session, marking a -1.1% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.14%. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw an increase of 0.27%.
The semiconductor components maker's shares have seen an increase of 17.07% over the last month, surpassing the Computer and Technology sector's gain of 5.36% and the S&P 500's gain of 3.97%.
Analysts and investors alike will be keeping a close eye on the performance of ON Semiconductor Corp. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.53, signifying a 44.79% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.45 billion, reflecting a 16.44% fall from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.28 per share and revenue of $5.9 billion. These totals would mark changes of -42.71% and -16.64%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for ON Semiconductor Corp. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.06% increase. ON Semiconductor Corp. is currently a Zacks Rank #4 (Sell).
Investors should also note ON Semiconductor Corp.'s current valuation metrics, including its Forward P/E ratio of 26.16. For comparison, its industry has an average Forward P/E of 39.33, which means ON Semiconductor Corp. is trading at a discount to the group.
Investors should also note that ON has a PEG ratio of 4.93 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Semiconductor - Analog and Mixed stocks are, on average, holding a PEG ratio of 2.24 based on yesterday's closing prices.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 173, finds itself in the bottom 30% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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ON Semiconductor Corp. (ON) Stock Slides as Market Rises: Facts to Know Before You Trade
ON Semiconductor Corp. (ON - Free Report) closed at $59.08 in the latest trading session, marking a -1.1% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.14%. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw an increase of 0.27%.
The semiconductor components maker's shares have seen an increase of 17.07% over the last month, surpassing the Computer and Technology sector's gain of 5.36% and the S&P 500's gain of 3.97%.
Analysts and investors alike will be keeping a close eye on the performance of ON Semiconductor Corp. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.53, signifying a 44.79% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.45 billion, reflecting a 16.44% fall from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.28 per share and revenue of $5.9 billion. These totals would mark changes of -42.71% and -16.64%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for ON Semiconductor Corp. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.06% increase. ON Semiconductor Corp. is currently a Zacks Rank #4 (Sell).
Investors should also note ON Semiconductor Corp.'s current valuation metrics, including its Forward P/E ratio of 26.16. For comparison, its industry has an average Forward P/E of 39.33, which means ON Semiconductor Corp. is trading at a discount to the group.
Investors should also note that ON has a PEG ratio of 4.93 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Semiconductor - Analog and Mixed stocks are, on average, holding a PEG ratio of 2.24 based on yesterday's closing prices.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 173, finds itself in the bottom 30% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.