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On Holding (ONON) Rises Higher Than Market: Key Facts
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In the latest close session, On Holding (ONON - Free Report) was up +2.2% at $34.77. This change outpaced the S&P 500's 0.72% gain on the day. At the same time, the Dow added 0.48%, and the tech-heavy Nasdaq gained 1.16%.
Shares of the running-shoe and apparel company have depreciated by 22.52% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 4.19%, and the S&P 500's loss of 4.99%.
The investment community will be paying close attention to the earnings performance of On Holding in its upcoming release. In that report, analysts expect On Holding to post earnings of $0.36 per share. This would mark year-over-year growth of 56.52%. At the same time, our most recent consensus estimate is projecting a revenue of $1.05 billion, reflecting a 30.14% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.67 per share and a revenue of $4.52 billion, representing changes of +72.16% and +24.2%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for On Holding. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.22% lower. Currently, On Holding is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, On Holding is at present trading with a Forward P/E ratio of 20.37. This denotes a premium relative to the industry average Forward P/E of 15.85.
Meanwhile, ONON's PEG ratio is currently 0.57. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Retail - Apparel and Shoes industry had an average PEG ratio of 1.31.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 61, placing it within the top 25% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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On Holding (ONON) Rises Higher Than Market: Key Facts
In the latest close session, On Holding (ONON - Free Report) was up +2.2% at $34.77. This change outpaced the S&P 500's 0.72% gain on the day. At the same time, the Dow added 0.48%, and the tech-heavy Nasdaq gained 1.16%.
Shares of the running-shoe and apparel company have depreciated by 22.52% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 4.19%, and the S&P 500's loss of 4.99%.
The investment community will be paying close attention to the earnings performance of On Holding in its upcoming release. In that report, analysts expect On Holding to post earnings of $0.36 per share. This would mark year-over-year growth of 56.52%. At the same time, our most recent consensus estimate is projecting a revenue of $1.05 billion, reflecting a 30.14% rise from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.67 per share and a revenue of $4.52 billion, representing changes of +72.16% and +24.2%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for On Holding. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.22% lower. Currently, On Holding is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, On Holding is at present trading with a Forward P/E ratio of 20.37. This denotes a premium relative to the industry average Forward P/E of 15.85.
Meanwhile, ONON's PEG ratio is currently 0.57. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Retail - Apparel and Shoes industry had an average PEG ratio of 1.31.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 61, placing it within the top 25% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.