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On Holding (ONON) Surpasses Market Returns: Some Facts Worth Knowing
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On Holding (ONON - Free Report) closed the most recent trading day at $30.85, moving +2.15% from the previous trading session. This change outpaced the S&P 500's 0.73% gain on the day. Elsewhere, the Dow saw an upswing of 0.49%, while the tech-heavy Nasdaq appreciated by 1.19%.
The stock of running-shoe and apparel company has risen by 6.49% in the past month, leading the Retail-Wholesale sector's loss of 4.61% and the S&P 500's gain of 0.55%.
The upcoming earnings release of On Holding will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.47, reflecting a 6% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.14 billion, showing a 14.85% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.71 per share and a revenue of $4.28 billion, representing changes of +76.29% and +17.55%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for On Holding. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.04% higher. On Holding currently has a Zacks Rank of #5 (Strong Sell).
In terms of valuation, On Holding is currently trading at a Forward P/E ratio of 17.69. This valuation marks a premium compared to its industry average Forward P/E of 14.07.
Meanwhile, ONON's PEG ratio is currently 0.52. 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. ONON's industry had an average PEG ratio of 1.19 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 89, putting it in the top 37% of all 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.
View the Zacks #1 Rank List
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On Holding (ONON) Surpasses Market Returns: Some Facts Worth Knowing
On Holding (ONON - Free Report) closed the most recent trading day at $30.85, moving +2.15% from the previous trading session. This change outpaced the S&P 500's 0.73% gain on the day. Elsewhere, the Dow saw an upswing of 0.49%, while the tech-heavy Nasdaq appreciated by 1.19%.
The stock of running-shoe and apparel company has risen by 6.49% in the past month, leading the Retail-Wholesale sector's loss of 4.61% and the S&P 500's gain of 0.55%.
The upcoming earnings release of On Holding will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.47, reflecting a 6% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.14 billion, showing a 14.85% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.71 per share and a revenue of $4.28 billion, representing changes of +76.29% and +17.55%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for On Holding. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.04% higher. On Holding currently has a Zacks Rank of #5 (Strong Sell).
In terms of valuation, On Holding is currently trading at a Forward P/E ratio of 17.69. This valuation marks a premium compared to its industry average Forward P/E of 14.07.
Meanwhile, ONON's PEG ratio is currently 0.52. 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. ONON's industry had an average PEG ratio of 1.19 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 89, putting it in the top 37% of all 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.