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ON Semiconductor Corp. (ON) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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ON Semiconductor Corp. (ON - Free Report) reported $1.74 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 17.2%. EPS of $0.96 for the same period compares to $1.33 a year ago.
The reported revenue represents a surprise of +0.20% over the Zacks Consensus Estimate of $1.73 billion. With the consensus EPS estimate being $0.92, the EPS surprise was +4.35%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ON Semiconductor Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Market- Industrial: $468 million versus $441.54 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -23.2% change.
Revenue- Market- Automotive: $906.90 million versus $953.88 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -14.6% change.
Revenue- Market- Others: $360.30 million compared to the $334.71 million average estimate based on six analysts. The reported number represents a change of -14.9% year over year.
Revenue- Product- Intelligent Sensing Group: $252.20 million versus $268.40 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -22.4% change.
Revenue- Product- Power Solutions Group: $835.20 million versus $818.83 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -25.4% change.
Revenue- Product- Analog & Mixed-Signal Group: $647.80 million versus $643.28 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.3% change.
Shares of ON Semiconductor Corp. have returned +2.4% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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ON Semiconductor Corp. (ON) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ON Semiconductor Corp. (ON - Free Report) reported $1.74 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 17.2%. EPS of $0.96 for the same period compares to $1.33 a year ago.
The reported revenue represents a surprise of +0.20% over the Zacks Consensus Estimate of $1.73 billion. With the consensus EPS estimate being $0.92, the EPS surprise was +4.35%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ON Semiconductor Corp. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Market- Industrial: $468 million versus $441.54 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -23.2% change.
- Revenue- Market- Automotive: $906.90 million versus $953.88 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a -14.6% change.
- Revenue- Market- Others: $360.30 million compared to the $334.71 million average estimate based on six analysts. The reported number represents a change of -14.9% year over year.
- Revenue- Product- Intelligent Sensing Group: $252.20 million versus $268.40 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -22.4% change.
- Revenue- Product- Power Solutions Group: $835.20 million versus $818.83 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -25.4% change.
- Revenue- Product- Analog & Mixed-Signal Group: $647.80 million versus $643.28 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -0.3% change.
View all Key Company Metrics for ON Semiconductor Corp. here>>>Shares of ON Semiconductor Corp. have returned +2.4% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.