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ON Semiconductor Corp. (ON) Declines More Than Market: Some Information for Investors
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In the latest close session, ON Semiconductor Corp. (ON - Free Report) was down 1.22% at $73.20. This change lagged the S&P 500's daily loss of 0.03%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq appreciated by 0.01%.
Shares of the semiconductor components maker witnessed a gain of 1.2% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 5.26%, and outperforming the S&P 500's gain of 0.53%.
Analysts and investors alike will be keeping a close eye on the performance of ON Semiconductor Corp. in its upcoming earnings disclosure. 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. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.7 billion, up 9.67% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.23 per share and revenue of $6.56 billion. These totals would mark changes of +37.45% and +9.5%, 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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, ON Semiconductor Corp. possesses a Zacks Rank of #3 (Hold).
In terms of valuation, ON Semiconductor Corp. is presently being traded at a Forward P/E ratio of 22.97. Its industry sports an average Forward P/E of 48.37, so one might conclude that ON Semiconductor Corp. is trading at a discount comparatively.
We can also see that ON currently has a PEG ratio of 0.61. 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. As the market closed yesterday, the Semiconductor - Analog and Mixed industry was having an average PEG ratio of 0.73.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 45, finds itself in the top 19% echelons 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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ON Semiconductor Corp. (ON) Declines More Than Market: Some Information for Investors
In the latest close session, ON Semiconductor Corp. (ON - Free Report) was down 1.22% at $73.20. This change lagged the S&P 500's daily loss of 0.03%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq appreciated by 0.01%.
Shares of the semiconductor components maker witnessed a gain of 1.2% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 5.26%, and outperforming the S&P 500's gain of 0.53%.
Analysts and investors alike will be keeping a close eye on the performance of ON Semiconductor Corp. in its upcoming earnings disclosure. 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. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.7 billion, up 9.67% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.23 per share and revenue of $6.56 billion. These totals would mark changes of +37.45% and +9.5%, 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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, ON Semiconductor Corp. possesses a Zacks Rank of #3 (Hold).
In terms of valuation, ON Semiconductor Corp. is presently being traded at a Forward P/E ratio of 22.97. Its industry sports an average Forward P/E of 48.37, so one might conclude that ON Semiconductor Corp. is trading at a discount comparatively.
We can also see that ON currently has a PEG ratio of 0.61. 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. As the market closed yesterday, the Semiconductor - Analog and Mixed industry was having an average PEG ratio of 0.73.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 45, finds itself in the top 19% echelons 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.