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On Holding (ONON) Advances But Underperforms Market: Key Facts
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On Holding (ONON - Free Report) closed the latest trading day at $54.72, indicating a +0.4% change from the previous session's end. This change lagged the S&P 500's 1.83% gain on the day. Elsewhere, the Dow saw an upswing of 1.65%, while the tech-heavy Nasdaq appreciated by 2.45%.
Prior to today's trading, shares of the running-shoe and apparel company had lost 3.78% over the past month. This has was narrower than the Retail-Wholesale sector's loss of 4.54% and lagged the S&P 500's loss of 3.31% in that time.
The investment community will be paying close attention to the earnings performance of On Holding in its upcoming release. The company is expected to report EPS of $0.20, up 433.33% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $670.86 million, indicating a 32.93% increase compared to the same quarter of the previous year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for On Holding. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. On Holding is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, On Holding is currently being traded at a Forward P/E ratio of 48.41. This denotes a premium relative to the industry's average Forward P/E of 15.92.
Also, we should mention that ONON has a PEG ratio of 0.84. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Retail - Apparel and Shoes industry had an average PEG ratio of 1.51.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 72, putting it in the top 29% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ONON in the coming trading sessions, be sure to utilize Zacks.com.
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On Holding (ONON) Advances But Underperforms Market: Key Facts
On Holding (ONON - Free Report) closed the latest trading day at $54.72, indicating a +0.4% change from the previous session's end. This change lagged the S&P 500's 1.83% gain on the day. Elsewhere, the Dow saw an upswing of 1.65%, while the tech-heavy Nasdaq appreciated by 2.45%.
Prior to today's trading, shares of the running-shoe and apparel company had lost 3.78% over the past month. This has was narrower than the Retail-Wholesale sector's loss of 4.54% and lagged the S&P 500's loss of 3.31% in that time.
The investment community will be paying close attention to the earnings performance of On Holding in its upcoming release. The company is expected to report EPS of $0.20, up 433.33% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $670.86 million, indicating a 32.93% increase compared to the same quarter of the previous year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for On Holding. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. On Holding is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, On Holding is currently being traded at a Forward P/E ratio of 48.41. This denotes a premium relative to the industry's average Forward P/E of 15.92.
Also, we should mention that ONON has a PEG ratio of 0.84. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Retail - Apparel and Shoes industry had an average PEG ratio of 1.51.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 72, putting it in the top 29% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ONON in the coming trading sessions, be sure to utilize Zacks.com.