Preview: ON Semiconductor's Earnings
Portfolio Pulse from Benzinga Insights
ON Semiconductor (NASDAQ:ON) is scheduled to release its quarterly earnings report on February 5, 2024. Analysts predict an EPS of $1.21. The company's past earnings performance shows a mix of beats and misses, with the stock price reacting variably. Shares are currently trading at $70.19, down 12.76% over the last year. Investors are focused on both the earnings outcome and the company's future guidance.
February 02, 2024 | 3:01 pm
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NEUTRAL IMPACT
ON Semiconductor is expected to report an EPS of $1.21 for the latest quarter. Historical performance shows variable stock price reactions to earnings announcements. Currently, shares are down 12.76% over the past year.
The expected EPS of $1.21 and historical earnings performance suggest a cautious outlook. The stock's recent downtrend adds to investor wariness, making the upcoming earnings and particularly the guidance crucial for short-term price movement. However, given the mixed historical reactions, the impact score remains neutral.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100