ON Semiconductor (ON) ended the most recent trading day at $67.90, moving 1.91% from the previous trading session. The stock outperformed the S&P 500, which rose 1.1% on the day. At the same time, the Dow Jones Industrial Average rose 0.91%, and the tech-heavy Nasdaq rose 1.35%.
Shares of the semiconductor components maker have lost 7.96% over the past month, lagging the Computer Technology sector’s gain of 5.09% and the S&P 500’s gain of 0.22%.
Analysts and investors alike will be keeping an eye on ON Semiconductor’s performance in its upcoming earnings release. The company’s EPS is expected to be $0.99, down 20.8% from the year-ago quarter. At the same time, our most recent consensus estimate is projecting revenue of $1.76 billion, reflecting a year-over-year decline of 12.73%.
For the full fiscal year, our Zacks Consensus Estimates are projecting earnings of $4.00 per share and revenue of $7.12 billion, which would represent changes of -22.48% and -13.7%, respectively, from the prior year. Masu.
Investors should also note any recent changes to analyst estimates for ON Semiconductor. These latest adjustments often reflect changes in short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Our research indicates that these estimate adjustments are directly related to immediate stock performance. To benefit from this, we have created the Zacks Rank, a proprietary model that incorporates these estimate changes to provide an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), has an impressive, outside-audited history of outperformance, with #1 stocks having an average annual +25% profit. Within the past month, the Zacks Consensus EPS estimate has been revised downward by 0.17%. ON Semiconductor Corp. currently has a Zacks Rank of #3 (Hold).
In terms of valuation, ON Semiconductor Inc. is currently trading at a Forward P/E ratio of 16.67. This represents a discount compared to its industry’s average Forward P/E of 36.38.
It’s also worth mentioning that ON has a PEG ratio of 7.16. Compared to the widely accepted P/E ratio, the PEG ratio also explains a company’s expected earnings growth. As of yesterday’s close, the average PEG ratio for the ON industry was 2.56.
Semiconductor – Analog and Mixed Industries is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 144, which puts it in the bottom 43% of all 250+ industries.
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