Core Insights - Analysts project ON Semiconductor Corp. will report quarterly earnings of $0.97 per share, a decline of 30.2% year over year, with revenues expected to reach $1.75 billion, down 19.8% from the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating analysts have reassessed their initial estimates [1] - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [1] Revenue Estimates - Analysts forecast 'Revenue- Market- Automotive' to reach $931.05 million, reflecting a year-over-year decline of 19.6% [2] - 'Revenue- Market- Industrial' is predicted to be $464.97 million, indicating a year-over-year change of -24.5% [2] - 'Revenue- Market- Others' is estimated at $354.93 million, showing a year-over-year decline of 12.8% [2] Product Revenue Projections - 'Revenue- Product- Intelligent Sensing Group' is expected to be $259.45 million, a decrease of 21% from the previous year [3] - The consensus estimate for 'Revenue- Product- Power Solutions Group' stands at $841.64 million, suggesting a year-over-year decline of 31.6% [3] Stock Performance - Over the past month, shares of ON Semiconductor Corp. have returned -5.6%, contrasting with the Zacks S&P 500 composite's +2.7% change [3] - Currently, ON Semiconductor Corp. holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the overall market in the near future [3]

Company Performance - ON Semiconductor Corp. closed at $66.54, down 0.89% from the previous trading session, underperforming the S&P 500's daily loss of 0.05% [1] - The stock has decreased by 3.73% over the past month, while the Computer and Technology sector gained 3.5% and the S&P 500 gained 2.76% [1] - The upcoming earnings report on October 28, 2024, is expected to show earnings of $0.97 per share, reflecting a year-over-year decline of 30.22%, with quarterly revenue projected at $1.75 billion, down 19.77% from the previous year [1] Fiscal Year Estimates - For the entire fiscal year, earnings are predicted to be $4.01 per share and revenue at $7.13 billion, indicating declines of 22.29% and 13.61% respectively from the prior year [2] - Recent changes in analyst estimates suggest shifting business dynamics, with positive revisions indicating analyst optimism regarding the company's profitability [2] Valuation Metrics - ON Semiconductor Corp. has a Forward P/E ratio of 16.75, significantly lower than the industry average of 35.58, suggesting it is trading at a discount [3] - The company has a PEG ratio of 3.6, compared to the industry average PEG ratio of 3.35 [3] Industry Context - The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector and currently holds a Zacks Industry Rank of 174, placing it in the bottom 31% of over 250 industries [4] - The Zacks Industry Rank indicates that the top 50% of rated industries outperform the bottom half by a factor of 2 to 1 [4]

The market expects ON Semiconductor Corp. (ON) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 28, 2024, might help the stock move higher if these key ...

The latest trading session saw ON Semiconductor Corp. (ON) ending at $70.53, denoting a -0.79% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.97%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.45%.Prior to today's trading, shares of the semiconductor components maker had gained 2.45% over the past month. This has lagged the Computer and Technology sector's gain of 8.21% and the S&P 500's gain of 5.41% in that time.The upcoming ea ...

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Core Viewpoint - Citi has increased its optimism towards the semiconductor industry due to stronger-than-expected sales data for August, revising the 2024 sales forecast upward to $616.6 billion, reflecting a 17% year-over-year growth [1][2] Group 1: Semiconductor Sales Performance - August sales reached $56.2 billion, exceeding the forecast of $51.4 billion, with a month-over-month growth of 15.4%, significantly higher than the predicted 5.7% increase [2] - The average selling price for products excluding discrete devices rose by 14.2% month-over-month, surpassing the forecast of 2.7% and the seasonal average growth of 5.7% [2] - Year-over-year, the average sales price for products excluding discrete devices surged by 29%, exceeding the expected 16.1% increase [2] Group 2: Market Outlook and Key Picks - The semiconductor sales forecast for 2024 has been revised from a 14% growth to 17%, driven by anticipated growth in the third and fourth quarters [1] - Analog Devices (ADI) is identified as Citi's top pick in the semiconductor sector, with "buy" ratings also assigned to AMD, Broadcom, Micron Technology, Microchip Technology, and Texas Instruments [1] - Product volumes, excluding discrete devices, are expected to rise by 1%, while average selling prices are anticipated to increase by 18% year-over-year [1]

I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles. Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within th ...

Group 1: Pentair - Pentair's growth prospects are bolstered by the potential improvement in its pool products business due to lower interest rates, with an expected increase in new pool construction from 60,000 to a more natural range of 75,000 to 80,000 pools in the coming years [2] - Approximately 50% of Pentair's pool segment sales come from the aftermarket, indicating that recovering new pool construction and servicing of existing pools will lead to mid-single-digit sales growth and margin expansion [2][4] - The company aims to improve its return on sales from 20.8% in 2023 to 24% by 2026 through transformational initiatives, including targeted pricing and lean management techniques [3] Group 2: United Airlines - The airline industry is characterized by its cyclical nature and challenges in generating profits, with the IATA estimating a return on invested capital of 5.7% in 2024 against a WACC of about 9.1% [5] - North America is expected to contribute $14.8 billion of the $30.5 billion in industry net profit in 2024, with United Airlines projected to generate $3.1 billion in net profit [6] - United Airlines is currently trading at 5.7 times estimated 2024 earnings, indicating it may be undervalued if the industry maintains rational capacity management [6] Group 3: ON Semiconductor - ON Semiconductor's focus on industrial and automotive markets has faced challenges due to high interest rates affecting auto sales and investment in electric vehicles [7][8] - The company's growth potential relies on increasing content sales per vehicle for electric vehicles and investments in EV charging networks and renewable energy [8] - ON Semiconductor plans to invest up to $2 billion in an advanced power semiconductor manufacturing plant in central Europe, positioning itself for future growth as interest rates decline [9]

Company Overview - ON Semiconductor Corp. (ON) closed at $71.51, reflecting a +0.65% change from the previous trading day's closing, outperforming the S&P 500's daily gain of 0.01% [1] - The stock has increased by 0.41% over the past month, underperforming the Computer and Technology sector's gain of 1.03% and the S&P 500's gain of 1.21% [1] Earnings Forecast - The upcoming earnings release is anticipated, with an expected EPS of $0.97, indicating a 30.22% decline from the same quarter last year [1] - Revenue is forecasted to be $1.75 billion, representing a 19.77% decrease compared to the year-ago quarter [1] - For the entire year, the Zacks Consensus Estimates predict earnings of $4.01 per share and revenue of $7.13 billion, reflecting changes of -22.29% and -13.6% respectively compared to the previous year [2] Analyst Estimates and Stock Performance - Changes in analyst estimates for ON Semiconductor Corp. are crucial as they indicate near-term business trends, with positive revisions seen as favorable for the company's outlook [2] - The Zacks Rank system, which assesses these estimate changes, currently ranks ON Semiconductor Corp. at 4 (Sell) [3] Valuation Metrics - ON Semiconductor Corp. is trading at a Forward P/E ratio of 17.72, which is a discount compared to its industry's Forward P/E of 35.26 [3] - The company has a PEG ratio of 3.81, higher than the industry average PEG ratio of 3.17 [3] Industry Context - The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 209, placing it in the bottom 18% of over 250 industries [3] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]

The most recent trading session ended with ON Semiconductor Corp. (ON) standing at $69.74, reflecting a +0.24% shift from the previouse trading day's closing. This move lagged the S&P 500's daily gain of 0.28%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.15%.Heading into today, shares of the semiconductor components maker had lost 8.89% over the past month, lagging the Computer and Technology sector's loss of 0.02% and the S&P 500's gain of 2% in that time.The investment community w ...