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ON Semiconductor Corp. (ON) Outpaces Stock Market Gains: What You Should Know
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ON Semiconductor Corp. (ON - Free Report) ended the recent trading session at $73.12, demonstrating a +1.53% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.41%. On the other hand, the Dow registered a loss of 0.07%, and the technology-centric Nasdaq increased by 1.11%.
The semiconductor components maker's shares have seen an increase of 2.92% over the last month, surpassing the Computer and Technology sector's loss of 0.92% and the S&P 500's gain of 1.46%.
The upcoming earnings release of ON Semiconductor Corp. will be of great interest to investors. The company's earnings report is expected on November 2, 2026. In that report, analysts expect ON Semiconductor Corp. to post earnings of $0.88 per share. This would mark year-over-year growth of 39.68%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.71 billion, up 10.02% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.21 per share and revenue of $6.58 billion. These totals would mark changes of +36.6% and +9.7%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ON Semiconductor Corp. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.33% higher. As of now, ON Semiconductor Corp. holds a Zacks Rank of #3 (Hold).
With respect to valuation, ON Semiconductor Corp. is currently being traded at a Forward P/E ratio of 22.44. This indicates a discount in contrast to its industry's Forward P/E of 31.16.
We can additionally observe that ON currently boasts a PEG ratio of 0.59. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Semiconductor - Analog and Mixed industry had an average PEG ratio of 0.71 as trading concluded yesterday.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 6, positioning it in the top 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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ON Semiconductor Corp. (ON) Outpaces Stock Market Gains: What You Should Know
ON Semiconductor Corp. (ON - Free Report) ended the recent trading session at $73.12, demonstrating a +1.53% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.41%. On the other hand, the Dow registered a loss of 0.07%, and the technology-centric Nasdaq increased by 1.11%.
The semiconductor components maker's shares have seen an increase of 2.92% over the last month, surpassing the Computer and Technology sector's loss of 0.92% and the S&P 500's gain of 1.46%.
The upcoming earnings release of ON Semiconductor Corp. will be of great interest to investors. The company's earnings report is expected on November 2, 2026. In that report, analysts expect ON Semiconductor Corp. to post earnings of $0.88 per share. This would mark year-over-year growth of 39.68%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.71 billion, up 10.02% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.21 per share and revenue of $6.58 billion. These totals would mark changes of +36.6% and +9.7%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for ON Semiconductor Corp. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.33% higher. As of now, ON Semiconductor Corp. holds a Zacks Rank of #3 (Hold).
With respect to valuation, ON Semiconductor Corp. is currently being traded at a Forward P/E ratio of 22.44. This indicates a discount in contrast to its industry's Forward P/E of 31.16.
We can additionally observe that ON currently boasts a PEG ratio of 0.59. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Semiconductor - Analog and Mixed industry had an average PEG ratio of 0.71 as trading concluded yesterday.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 6, positioning it in the top 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.