ON Semiconductor Expects Q4 Revenue Of $1.71B-$1.81B Vs $1.75B Est, Adj EPS Of $0.92-$1.04 Vs $0.97 Est
Portfolio Pulse from Benzinga Newsdesk
ON Semiconductor has released its Q4 2024 financial outlook, projecting revenue between $1.71 billion and $1.81 billion, slightly below the $1.75 billion estimate. The company expects adjusted EPS to range from $0.92 to $1.04, compared to the $0.97 estimate.
October 28, 2024 | 12:04 pm
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ON Semiconductor's Q4 2024 revenue and EPS projections are slightly below and above estimates, respectively, indicating mixed expectations for the quarter.
The revenue projection of $1.71B-$1.81B is slightly below the $1.75B estimate, which could be seen as a negative. However, the adjusted EPS range of $0.92-$1.04 is above the $0.97 estimate, which is a positive. These mixed signals suggest a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100