ON Semiconductor Corporation (NASDAQ:ON) will release its third-quarter earnings report before the opening bell on Friday, Oct. 30.
Analysts expect the Scottsdale, Arizona-based company to report quarterly earnings of 88 cents per share, up from 63 cents per share in the year-ago period. The consensus estimate for ON’s quarterly revenue is $1.7 billion. It reported $1.55 billion last year, according to Benzinga Pro.
On Oct. 1, Synaptics Inc. (NASDAQ:SYNA) signed an amended merger agreement for an all-cash acquisition by ON Semiconductor.
ON Semiconductor shares fell 4.7% to close at $71.67 on Friday.
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Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying ON stock? Here’s what analysts think:
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