It's Showtime for ON Semiconductor

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ON Semiconductor (NAS: ONNN) is expected to report Q2 earnings on Aug. 2. Here's what Wall Street wants to see.

The 10-second takeaway
Comparing the upcoming quarter with the prior-year quarter, average analyst estimates predict ON Semiconductor's revenues will drop -15.5% and EPS will compress -44.0%.

The average estimate for revenue is $765.4 million. On the bottom line, the average EPS estimate is $0.14.


Revenue details
Last quarter, ON Semiconductor reported revenue of $744.4 million. GAAP reported sales were 14% lower than the prior-year quarter's $870.6 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.12. GAAP EPS of $0.06 for Q1 were 25% lower than the prior-year quarter's $0.08 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 32.9%, 300 basis points worse than the prior-year quarter. Operating margin was 7.4%, 590 basis points worse than the prior-year quarter. Net margin was 3.8%, 30 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $3.15 billion. The average EPS estimate is $0.67.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 476 members out of 492 rating the stock outperform, and 16 members rating it underperform. Among 75 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 give ON Semiconductor a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on ON Semiconductor is outperform, with an average price target of $10.86.

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The article It's Showtime for ON Semiconductor originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is the co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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