ON Semiconductor (NASDAQ:ON) reported its Q4 earnings results on Monday, February 7, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
ON Semiconductor beat estimated earnings by 15.96%, reporting an EPS of $1.09 versus an estimate of $0.94, which surprised analysts.
Revenue was up $400.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.13, which was followed by a 3.91% increase in the share price the next day.
Here's a look at ON Semiconductor's past performance:
| Quarter | Q3 2021 | Q2 2021 | Q1 2021 | Q4 2020 |
|---|---|---|---|---|
| EPS Estimate | 0.74 | 0.49 | 0.33 | 0.28 |
| EPS Actual | 0.87 | 0.63 | 0.35 | 0.35 |
| Revenue Estimate | 1.71B | 1.62B | 1.46B | 1.36B |
| Revenue Actual | 1.74B | 1.67B | 1.48B | 1.45B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
ON Semiconductor management provided guidance for their next quarter, expecting earnings between $0.98 and $1.1 per share for the next quarter.
This represents a -4.59% in quarter-over-quarter growth for ON Semiconductor, a bearish signal to many investors.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
