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Here's Why On Holding (ONON) Fell More Than Broader Market
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On Holding (ONON - Free Report) closed the most recent trading day at $51.21, moving -1.65% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.43%. Meanwhile, the Dow lost 1.01%, and the Nasdaq, a tech-heavy index, lost 0.47%.
The running-shoe and apparel company's stock has dropped by 11.08% in the past month, falling short of the Retail-Wholesale sector's gain of 5.51% and the S&P 500's gain of 2.6%.
The upcoming earnings release of On Holding will be of great interest to investors. The company's earnings report is expected on March 4, 2025. The company is forecasted to report an EPS of $0.20, showcasing a 433.33% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $666.44 million, reflecting a 32.05% rise from the equivalent quarter last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for On Holding. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.38% higher. As of now, On Holding holds a Zacks Rank of #2 (Buy).
Investors should also note On Holding's current valuation metrics, including its Forward P/E ratio of 45.98. This denotes a premium relative to the industry's average Forward P/E of 15.01.
It's also important to note that ONON currently trades at a PEG ratio of 0.79. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Retail - Apparel and Shoes industry held an average PEG ratio of 1.16.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 67, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Here's Why On Holding (ONON) Fell More Than Broader Market
On Holding (ONON - Free Report) closed the most recent trading day at $51.21, moving -1.65% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 0.43%. Meanwhile, the Dow lost 1.01%, and the Nasdaq, a tech-heavy index, lost 0.47%.
The running-shoe and apparel company's stock has dropped by 11.08% in the past month, falling short of the Retail-Wholesale sector's gain of 5.51% and the S&P 500's gain of 2.6%.
The upcoming earnings release of On Holding will be of great interest to investors. The company's earnings report is expected on March 4, 2025. The company is forecasted to report an EPS of $0.20, showcasing a 433.33% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $666.44 million, reflecting a 32.05% rise from the equivalent quarter last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for On Holding. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.38% higher. As of now, On Holding holds a Zacks Rank of #2 (Buy).
Investors should also note On Holding's current valuation metrics, including its Forward P/E ratio of 45.98. This denotes a premium relative to the industry's average Forward P/E of 15.01.
It's also important to note that ONON currently trades at a PEG ratio of 0.79. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Retail - Apparel and Shoes industry held an average PEG ratio of 1.16.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 67, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.