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On Holding (ONON) Falls More Steeply Than Broader Market: What Investors Need to Know
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On Holding (ONON - Free Report) closed the most recent trading day at $39.05, moving -1.86% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 1.36%. Elsewhere, the Dow saw a downswing of 1.64%, while the tech-heavy Nasdaq depreciated by 1.46%.
Coming into today, shares of the running-shoe and apparel company had lost 14.72% in the past month. In that same time, the Retail-Wholesale sector lost 0.82%, while the S&P 500 lost 1.76%.
Market participants will be closely following the financial results of On Holding in its upcoming release. The company is predicted to post an EPS of $0.36, indicating a 56.52% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.06 billion, up 31.76% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.67 per share and a revenue of $4.53 billion, demonstrating changes of +72.16% and +24.54%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for On Holding. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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 moved 1.53% lower. At present, On Holding boasts a Zacks Rank of #3 (Hold).
With respect to valuation, On Holding is currently being traded at a Forward P/E ratio of 23.83. This denotes a premium relative to the industry average Forward P/E of 16.28.
Meanwhile, ONON's PEG ratio is currently 0.66. 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. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.38 based on yesterday's closing prices.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 79, placing it within the top 33% of over 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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On Holding (ONON) Falls More Steeply Than Broader Market: What Investors Need to Know
On Holding (ONON - Free Report) closed the most recent trading day at $39.05, moving -1.86% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 1.36%. Elsewhere, the Dow saw a downswing of 1.64%, while the tech-heavy Nasdaq depreciated by 1.46%.
Coming into today, shares of the running-shoe and apparel company had lost 14.72% in the past month. In that same time, the Retail-Wholesale sector lost 0.82%, while the S&P 500 lost 1.76%.
Market participants will be closely following the financial results of On Holding in its upcoming release. The company is predicted to post an EPS of $0.36, indicating a 56.52% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.06 billion, up 31.76% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $1.67 per share and a revenue of $4.53 billion, demonstrating changes of +72.16% and +24.54%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for On Holding. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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 moved 1.53% lower. At present, On Holding boasts a Zacks Rank of #3 (Hold).
With respect to valuation, On Holding is currently being traded at a Forward P/E ratio of 23.83. This denotes a premium relative to the industry average Forward P/E of 16.28.
Meanwhile, ONON's PEG ratio is currently 0.66. 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. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.38 based on yesterday's closing prices.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 79, placing it within the top 33% of over 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.