ON Semiconductor Corporation (ON) is Attracting Investor Attention: Here is What You Should Know

Core Viewpoint - ON Semiconductor Corp. has been trending recently, with a notable stock performance of +6.2% over the past month, outperforming the S&P 500 composite's +3.8% and the Zacks Semiconductor - Analog and Mixed industry’s +4.2% [1] Earnings Estimate Revisions - The current quarter's earnings estimate for ON Semiconductor is projected at $1.06 per share, reflecting a decrease of -10.9% year-over-year, with a recent change of -6.2% in the Zacks Consensus Estimate [3] - For the current fiscal year, the consensus earnings estimate is $4.40, indicating a decline of -14.7% from the previous year, with an adjustment of -8.8% over the last 30 days [3] - The next fiscal year's consensus earnings estimate stands at $5.21, suggesting an increase of +18.4% compared to the prior year, although it has decreased by -9% recently [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $1.85 billion, which represents a year-over-year decline of -5.5% [5] - For the current fiscal year, the sales estimate is $7.6 billion, indicating a decrease of -7.9%, while the next fiscal year's estimate of $8.36 billion suggests a growth of +10% [5] Last Reported Results and Surprise History - In the last reported quarter, ON Semiconductor recorded revenues of $2.02 billion, a year-over-year decrease of -4.1%, with EPS of $1.25 compared to $1.32 a year ago [6] - The reported revenues exceeded the Zacks Consensus Estimate of $2 billion by +0.7%, and the EPS surprise was +3.31% [7] - The company has consistently beaten consensus EPS and revenue estimates over the past four quarters [7] Valuation - Valuation metrics such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether ON Semiconductor's stock is fairly valued compared to its historical values and peers [8] - The Zacks Value Style Score for ON Semiconductor is graded C, indicating that it is trading at par with its peers [9] Bottom Line - The information presented suggests that ON Semiconductor may perform in line with the broader market in the near term, as indicated by its Zacks Rank 3 [10]