ON Semiconductor Corp. (ON) closed at $50.71 in the latest trading session, marking a -2.07% move from the prior day. This move lagged the S&P 500's daily gain of 0.79%. Meanwhile, the Dow experienced a rise of 1.01%, and the technology-dominated Nasdaq saw an increase of 1.15%.
Heading into today, shares of the semiconductor components maker had gained 4.04% over the past month, outpacing the Computer and Technology sector's gain of 1.2% and the S&P 500's gain of 1.27%.
Analysts and investors alike will be keeping a close eye on the performance of ON Semiconductor Corp. in its upcoming earnings disclosure. The company's earnings report is set to go public on November 3, 2025. The company's upcoming EPS is projected at $0.6, signifying a 39.39% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.52 billion, showing a 14.01% drop compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.32 per share and a revenue of $5.96 billion, indicating changes of -41.71% and -15.85%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for ON Semiconductor Corp. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.03% decrease. As of now, ON Semiconductor Corp. holds a Zacks Rank of #3 (Hold).
In the context of valuation, ON Semiconductor Corp. is at present trading with a Forward P/E ratio of 22.32. This indicates a discount in contrast to its industry's Forward P/E of 41.44.
Investors should also note that ON has a PEG ratio of 2.58 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Semiconductor - Analog and Mixed industry currently had an average PEG ratio of 2.11 as of yesterday's close.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 33, placing it within the top 14% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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ON Semiconductor Corporation (ON): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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