Investors are always looking for stocks that are poised to beat at earnings season and ON Semiconductor Corporation (ON) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because ON Semiconductor is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is ...

Stock Performance - ON Semiconductor Corp closed at $70 19, down 1 32% from the previous session, underperforming the S&P 500's 1 25% gain, the Dow's 0 97% gain, and the Nasdaq's 1 3% gain [1] - The stock has declined by 10 31% over the past month, underperforming the Computer and Technology sector's 2 42% gain and the S&P 500's 1 58% gain [1] Earnings and Revenue Projections - The company is scheduled to release its earnings on February 5, 2024, with projected EPS of $1 21, an 8 33% decrease from the same quarter last year [1] - Revenue is expected to be $2 billion, down 4 73% from the prior-year quarter [1] Analyst Estimates and Zacks Rank - Recent adjustments to analyst estimates reflect near-term business trends, with positive revisions indicating a favorable business outlook [2] - The Zacks Rank system, which incorporates estimate changes, has a strong track record, with 1 ranked stocks delivering an average annual return of +25% since 1988 [2] - ON Semiconductor Corp currently holds a Zacks Rank of 3 (Hold), with the consensus EPS projection revised 1 26% lower over the past 30 days [2] Valuation Metrics - ON Semiconductor Corp is trading at a Forward P/E ratio of 14 74, a discount compared to the industry average of 27 28 [3] - The company has a PEG ratio of 1 26, lower than the industry average of 2 82, indicating a more favorable valuation relative to earnings growth [3] Industry Ranking - The Semiconductor - Analog and Mixed industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 220, placing it in the bottom 13% of over 250 industries [3] - Research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1 [4]

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering ON Semiconductor Corp. (ON) , which belongs to the Zacks Semiconductor - Analog and Mixed industry.This semiconductor components maker has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 6.90%.For the most recent quarter, ON Semiconductor Corp. Was expect ...

ON Semiconductor Corp. (ON) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this semiconductor components maker have returned -10.3% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Semiconductor - Analog and Mixed industry, to which ON Semiconductor Corp. belongs, has lost 6.4% over this period. Now the key question is: Wh ...

The upcoming report from ON Semiconductor Corp. (ON) is expected to reveal quarterly earnings of $1.21 per share, indicating a decline of 8.3% compared to the year-ago period. Analysts forecast revenues of $2 billion, representing a decrease of 4.8% year over year.Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the cou ...

ON Semiconductor Corp. (ON) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on February 5, 2024, might help the stock move higher if these key numbers are bet ...

In the latest market close, ON Semiconductor Corp. (ON) reached $73.87, with a +0.89% movement compared to the previous day. This change lagged the S&P 500's 1.23% gain on the day. Elsewhere, the Dow gained 1.06%, while the tech-heavy Nasdaq added 1.7%.Shares of the semiconductor components maker have depreciated by 12.47% over the course of the past month, underperforming the Computer and Technology sector's gain of 1.98% and the S&P 500's gain of 0.94%.The investment community will be closely monitoring t ...

ON Semiconductor Corp. (ON) closed at $74.43 in the latest trading session, marking a -1.56% move from the prior day. This change lagged the S&P 500's daily loss of 0.07%.Heading into today, shares of the semiconductor components maker had lost 6.72% over the past month, lagging the Computer and Technology sector's gain of 2.5% and the S&P 500's gain of 3.98% in that time.The investment community will be paying close attention to the earnings performance of ON Semiconductor Corp. in its upcoming release. Th ...

sefa ozel Investment Thesis ProShares Ultra Semiconductors ETF (NYSEARCA:USD) warrants a buy rating to take advantage of expected semiconductor industry growth in 2024 and over the next decade. While late 2022 saw a decline in the semiconductor industry, 2024 is expected to see a solid rebound. Although multiple semiconductor ETFs exist, USD utilizes derivative contracts to outperform the daily performance of the semiconductor industry. Therefore, investors seeking increased returns from the semiconduct ...

ON Semiconductor Corporation Conference Call Summary Company Overview - **Company**: ON Semiconductor Corporation (NASDAQ: ON) - **Date**: December 5, 2023 - **Participants**: - Hassane El-Khoury - President & CEO - Thad Trent - CFO - Joseph Moore - Senior Analyst Key Industry Insights - **Automotive Market**: - Experienced a sudden weakness due to inventory digestion, particularly among European Tier 1 suppliers [5][6] - Demand softness has led to elevated inventory levels [5] - **Industrial Market**: - Remains stable with no significant changes noted; performance aligns with previous expectations [6][46] - Specific segments such as renewable energy and medical devices are showing growth, with renewable energy growing 70% year-over-year [49] Core Company Strategies and Performance - **Margin Improvement**: - Structural changes over the past two years have led to improved margins, with current margins in the mid-40s compared to low 30s in 2019 [9][51] - Utilization is expected to remain in the high-60s, maintaining a margin floor in the mid-40s [9][51] - **Long-Term Supply Agreements (LTSAs)**: - LTSAs provide predictability in volume and pricing, allowing better management of customer demand and inventory [8][15] - Customers are proactive in communicating demand changes, reducing the risk of excess inventory [15][36] Financial Performance and Projections - **Revenue Growth**: - Achieved a 4x increase in revenue from silicon carbide technology in 2023 compared to 2022 [22] - Revenue shortfall in Q4 due to a single OEM's demand issues, but overall market share is expected to grow [29][30] - **Future Outlook**: - Confidence in sustaining mid-40s gross margins even in a weak environment, with potential for improvement as utilization increases [51][52] - Anticipated benefits from divesting four fabs and managing fixed costs effectively [52] Competitive Landscape - **Chinese Competition**: - Investments in trailing-edge analog capacity in China are noted, but ON Semiconductor emphasizes competition based on product performance rather than capacity alone [18][19] - Successful engagement with Chinese OEMs, such as NEO, highlights the importance of product value and performance [20] Additional Considerations - **Inventory Management**: - ON Semiconductor is focused on managing inventory levels to avoid excess, leveraging LTSAs for better visibility and planning [39][41] - **Market Trends**: - Continued enthusiasm for the EV market, with expectations for growth despite potential fluctuations in overall vehicle production [33][34] - **Sector-Specific Growth**: - Notable growth in energy storage and distribution, as well as medical devices, indicating diversification in demand [49] This summary encapsulates the key points discussed during the conference call, highlighting ON Semiconductor's strategic focus, market conditions, and financial outlook.