ON Semiconductor (Nasdaq: ONNN) is expected to report Q4 earnings on Feb. 7. Here's what Wall Street wants to see:

The 10-second takeaway
 Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict ON Semiconductor's revenues will drop -12.6% and EPS will compress -46.2%.

The average estimate for revenue is $671.5 million. On the bottom line, the average EPS estimate is $0.07.

Revenue details
 Last quarter, ON Semiconductor booked revenue of $725.5 million. GAAP reported sales were 19% lower than the prior-year quarter's $898.0 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 were $0.03 for Q3 versus -$0.11 per share for the prior-year quarter.

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 32.8%, 250 basis points better than the prior-year quarter. Operating margin was 7.7%, about the same as the prior-year quarter. Net margin was 1.7%, 720 basis points better than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $2.89 billion. The average EPS estimate is $0.46.

Investor sentiment
 The stock has a four-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 81 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 78 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 $8.58.

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