Company Performance - ON Semiconductor Corp. closed at $52.32, reflecting a -1.79% change from the previous trading day's closing, which is less than the S&P 500's daily loss of 0.51% [1] - The company experienced a loss of 13.68% over the previous month, underperforming compared to the Computer and Technology sector's gain of 0.79% and the S&P 500's gain of 2.87% [1] Upcoming Earnings - The earnings report for ON Semiconductor is scheduled for February 10, 2025, with an expected EPS of $0.98, indicating a 21.6% decrease from the same quarter last year [2] - The consensus estimate for quarterly revenue is $1.76 billion, down 12.87% from the year-ago period [2] Analyst Forecasts - Recent revisions to analyst forecasts for ON Semiconductor should be monitored, as they reflect short-term business trends and can indicate analyst optimism regarding the company's profitability [3] - A 6.79% decline in the Zacks Consensus EPS estimate has been noted over the past month, and ON Semiconductor currently holds a Zacks Rank of 5 (Strong Sell) [5] Valuation Metrics - ON Semiconductor has a Forward P/E ratio of 12.82, which is a discount compared to the industry's average Forward P/E of 37.75 [6] - The company has a PEG ratio of 10.02, significantly higher than the average PEG ratio of 2.59 for the Semiconductor - Analog and Mixed industry [7] Industry Context - The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector and currently holds a Zacks Industry Rank of 233, placing it in the bottom 8% of over 250 industries [8]
Here's Why ON Semiconductor Corp. (ON) Fell More Than Broader Market
