These Analysts Revise Their Forecasts On ON Semiconductor After Q3 Results
Portfolio Pulse from Avi Kapoor
ON Semiconductor Corp reported better-than-expected Q3 earnings, with a slight revenue beat and adjusted EPS surpassing estimates. The company anticipates Q4 revenue and EPS in line with or slightly above consensus. Analysts revised their price targets, with mixed ratings.
October 29, 2024 | 12:49 pm
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ON Semiconductor reported better-than-expected Q3 earnings, with revenue and EPS slightly above consensus. The company provided Q4 guidance in line with or slightly above expectations. Analysts revised their price targets, reflecting mixed sentiment.
ON Semiconductor's Q3 earnings exceeded expectations, which is generally positive for the stock. The company's Q4 guidance is in line with or slightly above consensus, suggesting stability. Analysts' mixed revisions in price targets indicate varied sentiment, but the overall positive earnings surprise and guidance support a short-term positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100