ON Semiconductor Corp <ON.OQ> expected to post earnings of 97 cents a share - Earnings Preview

• ON Semiconductor Corp ON.OQ ON.O is expected to show a fall in quarterly revenue when it reports results on February 10 for the period ending December 31 2024

• The Scottsdale Arizona-based company is expected to report a 12.9% decrease in revenue to $1.758 billion from $2.02 billion a year ago, according to the mean estimate from 28 analysts, based on LSEG data.The company's guidance on October 28 2024, for the period ended December 31, was for revenue between 1.71 billion and 1.81 billion.

• ​LSEG's mean analyst estimate for ON Semiconductor Corp is for earnings of 97 cents per share. The company's EPS guidance on October 28 2024, for the period ended December 31, was between 0.92 and 1.04

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 14 "hold" and 2 "sell" or "strong sell."

• The mean earnings estimate of analysts was unchanged in the last three months. ​

• Wall Street's median 12-month price target for ON Semiconductor Corp is $77.00​, above​ its last closing price of $52.44. ​​​

The company's guidance on October 28 2024 for the period ended December 31 was for Capital Expenditures between 130 million and 170 million.The company's guidance on October 28 2024 for the period ended December 31 was for gross profit margin between 44% and 46%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

This summary was machine generated February 7 at 14:23 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)