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On Holding (ONON) Stock Sinks As Market Gains: Here's Why
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On Holding (ONON - Free Report) closed at $29.96 in the latest trading session, marking a -1.64% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.51%. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 0.48%.
The running-shoe and apparel company's shares have seen an increase of 5.22% over the last month, surpassing the Retail-Wholesale sector's loss of 6.89% and the S&P 500's gain of 0.74%.
Investors will be eagerly watching for the performance of On Holding in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.47, marking a 6% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.15 billion, indicating a 15.4% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.72 per share and a revenue of $4.3 billion, indicating changes of +77.32% and +18.16%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for On Holding. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Within the past 30 days, our consensus EPS projection has moved 1.04% higher. On Holding is currently sporting a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, On Holding is currently exchanging hands at a Forward P/E ratio of 17.71. For comparison, its industry has an average Forward P/E of 14, which means On Holding is trading at a premium to the group.
Meanwhile, ONON's PEG ratio is currently 0.53. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. ONON's industry had an average PEG ratio of 1.17 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 86, finds itself in the top 35% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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On Holding (ONON) Stock Sinks As Market Gains: Here's Why
On Holding (ONON - Free Report) closed at $29.96 in the latest trading session, marking a -1.64% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.51%. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 0.48%.
The running-shoe and apparel company's shares have seen an increase of 5.22% over the last month, surpassing the Retail-Wholesale sector's loss of 6.89% and the S&P 500's gain of 0.74%.
Investors will be eagerly watching for the performance of On Holding in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.47, marking a 6% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.15 billion, indicating a 15.4% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $1.72 per share and a revenue of $4.3 billion, indicating changes of +77.32% and +18.16%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for On Holding. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Within the past 30 days, our consensus EPS projection has moved 1.04% higher. On Holding is currently sporting a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, On Holding is currently exchanging hands at a Forward P/E ratio of 17.71. For comparison, its industry has an average Forward P/E of 14, which means On Holding is trading at a premium to the group.
Meanwhile, ONON's PEG ratio is currently 0.53. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. ONON's industry had an average PEG ratio of 1.17 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 86, finds itself in the top 35% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.