The latest trading day for ON Semiconductor Corp. ended with the stock closing at $75.70, signaling a slight decrease of -0.66%. Though the stock fell short of the S&P 500’s gain of 0.18%, the technology sector as a whole continued to perform well. The Dow saw a minimal increase of 0.07%, while the tech-heavy Nasdaq index achieved a modest gain of 0.1%.
Over the past month, ON Semiconductor Corp.’s stock has seen a rise of 0.47%. However, this growth lags behind the Computer and Technology sector’s overall gain of 1.84%, and the S&P 500’s gain of 2.75%. Investors will be closely watching the upcoming earnings release for ON Semiconductor Corp., particularly the earnings per share (EPS) projections. Analysts expect the EPS to be $1.21, reflecting a decrease of 8.33% compared to the same quarter last year. The revenue estimate stands at $2 billion, down 4.83% from the prior-year quarter.
Analyst estimates for ON Semiconductor Corp. have recently undergone revisions, indicating the ever-changing nature of business trends. Positive alterations in estimates suggest analyst optimism regarding the company’s business and profitability. These estimate changes can be capitalized on by investors using the Zacks Rank, a rating system that considers these revisions and provides actionable recommendations.
ON Semiconductor Corp. currently holds a Zacks Rank of #4 (Sell). The Zacks Consensus EPS estimate has experienced a slight increase of 0.05% over the past 30 days. In terms of valuation, the stock has a Forward P/E ratio of 15.59, which is lower than the industry average of 27.08. Additionally, the stock’s PEG ratio of 3.86 takes the company’s expected earnings growth rate into account, with the industry average at 3.46.
ON Semiconductor Corp. operates in the Semiconductor – Analog and Mixed industry, which falls within the Computer and Technology sector. The industry currently ranks at 204 out of over 250 industries analyzed by Zacks. Research has shown that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Investors can stay updated on these stock-moving metrics and more through Zacks.com and access the latest recommendations from Zacks Investment Research.
The source of the article is from the blog combopop.com.br