Insights Into ON Semiconductor Corp. (ON) Q3: Wall Street Projections for Key Metrics

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]