onsemi Sees Q3 Adj. EPS $1.27-$1.41 vs $1.21 Est., Revenue $2.095B-$2.195B vs $2.07B Est.
Portfolio Pulse from Bill Haddad
onsemi has projected its Q3 adjusted EPS to be between $1.27 and $1.41, which is higher than the estimated $1.21. The company also expects its revenue to be between $2.095B and $2.195B, surpassing the estimated $2.07B.
July 31, 2023 | 12:02 pm
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POSITIVE IMPACT
onsemi's higher than expected Q3 adjusted EPS and revenue projections could potentially lead to a positive market reaction.
onsemi's Q3 projections for both EPS and revenue are higher than the market estimates. This positive financial outlook could potentially lead to an increase in the company's stock price in the short term as it indicates strong financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100