What Analyst Projections for Key Metrics Reveal About ON Semiconductor Corp. (ON) Q1 Earnings

Core Viewpoint - ON Semiconductor Corp. is expected to report a quarterly earnings per share (EPS) of $1.05, reflecting an 11.8% year-over-year decline, with revenues projected at $1.85 billion, down 5.5% from the previous year [1] Earnings Estimates - The consensus EPS estimate has been revised down by 0.1% in the last 30 days, indicating a reassessment by analysts [1] - Revisions to earnings projections are crucial for predicting investor behavior and stock price performance [1] Revenue Projections - Analysts project 'Revenue- Market- Automotive' to be $1.04 billion, representing a 5% increase from the prior year [2] - 'Revenue- Market- Industrial' is expected to reach $456 million, indicating an 18% decline year-over-year [2] - The estimate for 'Revenue- Market- Others' is $358.68 million, reflecting a 14.1% decrease from the previous year [2] Stock Performance - Over the past month, ON Semiconductor shares have decreased by 15.4%, compared to a 3% decline in the Zacks S&P 500 composite [3] - The company currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the overall market in the near term [3]