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ON Semiconductor Corp. (ON) Stock Sinks As Market Gains: What You Should Know
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ON Semiconductor Corp. (ON - Free Report) closed at $92.54 in the latest trading session, marking a -1.27% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.38%. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq appreciated by 0.62%.
Shares of the semiconductor components maker witnessed a loss of 20.74% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 0.53%, and the S&P 500's gain of 1.61%.
The investment community will be paying close attention to the earnings performance of ON Semiconductor Corp. in its upcoming release. The company is forecasted to report an EPS of $0.71, showcasing a 33.96% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $1.59 billion, up 7.98% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.1 per share and revenue of $6.48 billion, which would represent changes of +31.91% and +8.09%, respectively, from the prior year.
Any recent changes to analyst estimates for ON Semiconductor Corp. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 0.26% higher. ON Semiconductor Corp. is currently a Zacks Rank #3 (Hold).
With respect to valuation, ON Semiconductor Corp. is currently being traded at a Forward P/E ratio of 30.28. This denotes a discount relative to the industry average Forward P/E of 53.18.
Investors should also note that ON has a PEG ratio of 0.83 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Semiconductor - Analog and Mixed industry currently had an average PEG ratio of 1.02 as of yesterday's close.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 21, positioning it in the top 9% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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ON Semiconductor Corp. (ON) Stock Sinks As Market Gains: What You Should Know
ON Semiconductor Corp. (ON - Free Report) closed at $92.54 in the latest trading session, marking a -1.27% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.38%. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq appreciated by 0.62%.
Shares of the semiconductor components maker witnessed a loss of 20.74% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 0.53%, and the S&P 500's gain of 1.61%.
The investment community will be paying close attention to the earnings performance of ON Semiconductor Corp. in its upcoming release. The company is forecasted to report an EPS of $0.71, showcasing a 33.96% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $1.59 billion, up 7.98% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.1 per share and revenue of $6.48 billion, which would represent changes of +31.91% and +8.09%, respectively, from the prior year.
Any recent changes to analyst estimates for ON Semiconductor Corp. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 0.26% higher. ON Semiconductor Corp. is currently a Zacks Rank #3 (Hold).
With respect to valuation, ON Semiconductor Corp. is currently being traded at a Forward P/E ratio of 30.28. This denotes a discount relative to the industry average Forward P/E of 53.18.
Investors should also note that ON has a PEG ratio of 0.83 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Semiconductor - Analog and Mixed industry currently had an average PEG ratio of 1.02 as of yesterday's close.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 21, positioning it in the top 9% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.