Top Wall Street Forecasters Revamp ON Semiconductor Price Expectations Ahead Of Q3 Earnings
Portfolio Pulse from Avi Kapoor
ON Semiconductor is set to release its Q3 earnings on Oct. 28, with expected earnings of $0.97 per share and revenue of $1.75 billion, both down from the previous year. Analysts have adjusted their price targets, with most maintaining positive ratings.
October 28, 2024 | 7:22 am
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ON Semiconductor is expected to report lower Q3 earnings and revenue compared to last year. Analysts have adjusted their price targets, with most maintaining positive ratings, indicating mixed sentiment.
The expected decrease in earnings and revenue could negatively impact the stock price. However, the positive analyst ratings and adjusted price targets suggest a neutral short-term impact as the market may have already priced in these expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100