We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
On Holding (ONON) Falls More Steeply Than Broader Market: What Investors Need to Know
Read MoreHide Full Article
On Holding (ONON - Free Report) closed at $48.20 in the latest trading session, marking a -1.41% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.77%. Elsewhere, the Dow lost 0.95%, while the tech-heavy Nasdaq lost 0.87%.
Prior to today's trading, shares of the running-shoe and apparel company had gained 19.33% over the past month. This has outpaced the Retail-Wholesale sector's gain of 9.54% and the S&P 500's gain of 11.54% in that time.
The investment community will be closely monitoring the performance of On Holding in its forthcoming earnings report. The company is scheduled to release its earnings on May 13, 2025. The company is forecasted to report an EPS of $0.24, showcasing a 36.84% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $773.88 million, up 33.1% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.19 per share and a revenue of $3.39 billion, indicating changes of +8.18% and +28.48%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for On Holding. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.16% lower. On Holding presently features a Zacks Rank of #3 (Hold).
Looking at valuation, On Holding is presently trading at a Forward P/E ratio of 41.08. This expresses a premium compared to the average Forward P/E of 13.78 of its industry.
Meanwhile, ONON's PEG ratio is currently 1.96. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 1.43 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 186, placing it within the bottom 25% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
On Holding (ONON) Falls More Steeply Than Broader Market: What Investors Need to Know
On Holding (ONON - Free Report) closed at $48.20 in the latest trading session, marking a -1.41% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.77%. Elsewhere, the Dow lost 0.95%, while the tech-heavy Nasdaq lost 0.87%.
Prior to today's trading, shares of the running-shoe and apparel company had gained 19.33% over the past month. This has outpaced the Retail-Wholesale sector's gain of 9.54% and the S&P 500's gain of 11.54% in that time.
The investment community will be closely monitoring the performance of On Holding in its forthcoming earnings report. The company is scheduled to release its earnings on May 13, 2025. The company is forecasted to report an EPS of $0.24, showcasing a 36.84% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $773.88 million, up 33.1% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.19 per share and a revenue of $3.39 billion, indicating changes of +8.18% and +28.48%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for On Holding. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.16% lower. On Holding presently features a Zacks Rank of #3 (Hold).
Looking at valuation, On Holding is presently trading at a Forward P/E ratio of 41.08. This expresses a premium compared to the average Forward P/E of 13.78 of its industry.
Meanwhile, ONON's PEG ratio is currently 1.96. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 1.43 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 186, placing it within the bottom 25% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.