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ON Semiconductor Corp. (ON) Stock Moves 2.62%: What You Should Know
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In the latest close session, ON Semiconductor Corp. (ON - Free Report) was up +2.62% at $73.60. Meanwhile, the Dow experienced a drop of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.45%.
The semiconductor components maker's shares have seen a decrease of 0.29% over the last month, not keeping up with the Computer and Technology sector's gain of 6.18% and the S&P 500's gain of 1.27%.
The investment community will be paying close attention to the earnings performance of ON Semiconductor Corp. in its upcoming release. It is anticipated that the company will report an EPS of $0.9, marking a 42.86% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.7 billion, reflecting a 9.65% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.23 per share and revenue of $6.57 billion. These totals would mark changes of +37.45% and +9.52%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ON Semiconductor Corp. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ON Semiconductor Corp. is currently a Zacks Rank #3 (Hold).
Looking at valuation, ON Semiconductor Corp. is presently trading at a Forward P/E ratio of 22.23. This expresses a discount compared to the average Forward P/E of 47.12 of its industry.
Meanwhile, ON's PEG ratio is currently 0.59. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Semiconductor - Analog and Mixed industry had an average PEG ratio of 0.72.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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ON Semiconductor Corp. (ON) Stock Moves 2.62%: What You Should Know
In the latest close session, ON Semiconductor Corp. (ON - Free Report) was up +2.62% at $73.60. Meanwhile, the Dow experienced a drop of 0.36%, and the technology-dominated Nasdaq saw an increase of 0.45%.
The semiconductor components maker's shares have seen a decrease of 0.29% over the last month, not keeping up with the Computer and Technology sector's gain of 6.18% and the S&P 500's gain of 1.27%.
The investment community will be paying close attention to the earnings performance of ON Semiconductor Corp. in its upcoming release. It is anticipated that the company will report an EPS of $0.9, marking a 42.86% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.7 billion, reflecting a 9.65% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.23 per share and revenue of $6.57 billion. These totals would mark changes of +37.45% and +9.52%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ON Semiconductor Corp. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ON Semiconductor Corp. is currently a Zacks Rank #3 (Hold).
Looking at valuation, ON Semiconductor Corp. is presently trading at a Forward P/E ratio of 22.23. This expresses a discount compared to the average Forward P/E of 47.12 of its industry.
Meanwhile, ON's PEG ratio is currently 0.59. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Semiconductor - Analog and Mixed industry had an average PEG ratio of 0.72.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 29, putting it in the top 12% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.