We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
ON Semiconductor Corp. (ON) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Read MoreHide Full Article
The upcoming report from ON Semiconductor Corp. (ON - Free Report) is expected to reveal quarterly earnings of $0.88 per share, indicating an increase of 39.7% compared to the year-ago period. Analysts forecast revenues of $1.71 billion, representing an increase of 10% year over year.
The current level reflects an upward revision of 0.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some ON Semiconductor Corp. metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Revenue- Market- Automotive' of $818.95 million. The estimate suggests a change of +4% year over year.
The consensus estimate for 'Revenue- Market- Others' stands at $443.37 million. The estimate indicates a change of +31.5% from the prior-year quarter.
Analysts' assessment points toward 'Revenue- Market- Industrial' reaching $432.58 million. The estimate indicates a year-over-year change of +1.5%.
Over the past month, ON Semiconductor Corp. shares have recorded returns of +3.6% versus the Zacks S&P 500 composite's -0.2% change. Based on its Zacks Rank #3 (Hold), ON will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
ON Semiconductor Corp. (ON) Q3 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
The upcoming report from ON Semiconductor Corp. (ON - Free Report) is expected to reveal quarterly earnings of $0.88 per share, indicating an increase of 39.7% compared to the year-ago period. Analysts forecast revenues of $1.71 billion, representing an increase of 10% year over year.
The current level reflects an upward revision of 0.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some ON Semiconductor Corp. metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Revenue- Market- Automotive' of $818.95 million. The estimate suggests a change of +4% year over year.
The consensus estimate for 'Revenue- Market- Others' stands at $443.37 million. The estimate indicates a change of +31.5% from the prior-year quarter.
Analysts' assessment points toward 'Revenue- Market- Industrial' reaching $432.58 million. The estimate indicates a year-over-year change of +1.5%.
View all Key Company Metrics for ON Semiconductor Corp. here>>>Over the past month, ON Semiconductor Corp. shares have recorded returns of +3.6% versus the Zacks S&P 500 composite's -0.2% change. Based on its Zacks Rank #3 (Hold), ON will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .