* ON Semiconductor Corp is expected to show a fall in quarterly revenue when it reports results on July 29 for the period ending June 30 2024
* The Scottsdale Arizona-based company is expected to report a 17.4% decrease in revenue to $1.729 billion from $2.09 billion a year ago, according to the mean estimate from 26 analysts, based on LSEG data.The company's guidance on April 29 2024, for the period ended June 30, was for revenue between 1.68 billion and 1.78 billion.
* LSEG's mean analyst estimate for ON Semiconductor Corp is for earnings of 92 cents per share. The company's EPS guidance on April 29 2024, for the period ended June 30, was between 0.86 and 0.98
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," 12 "hold" and 3 "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 $85.00, above its last closing price of $67.54.
The company's guidance on April 29 2024 for the period ended June 30 was for Capital Expenditures between 180 million and 220 million.The company's guidance on April 29 2024 for the period ended June 30 was for gross profit margin between 44.2% and 46.2%. Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Mar. 31 2024 1.04 1.04 1.08 Beat 3.4
Dec. 31 2024 1.21 1.21 1.25 Beat 3.6
Sep. 30 2023 1.34 1.34 1.39 Beat 3.6
Jun. 30 2023 1.21 1.21 1.33 Beat 10
Mar. 1.09 1.09 1.19 Beat 9.4
31 2023
Dec. 31 2022 1.27 1.27 1.32 Beat 4.2
Sep. 30 2022 1.31 1.31 1.45 Beat 10.4
Jun. 30 2022 1.26 1.26 1.34 Beat 6.7
This summary was machine generated July 26 at 14:47 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)
