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On Holding (ONON) Gains As Market Dips: What You Should Know
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On Holding (ONON - Free Report) ended the recent trading session at $34.04, demonstrating a +2.47% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.47%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 1.25%.
Coming into today, shares of the running-shoe and apparel company had gained 23.77% in the past month. In that same time, the Retail-Wholesale sector lost 2.73%, while the S&P 500 gained 1.15%.
Analysts and investors alike will be keeping a close eye on the performance of On Holding in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.51, reflecting a 2% increase 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 full year, the Zacks Consensus Estimates project earnings of $1.73 per share and a revenue of $4.28 billion, demonstrating changes of +78.35% and +17.55%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for On Holding. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 2.63% higher. Right now, On Holding possesses a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that On Holding has a Forward P/E ratio of 19.2 right now. This signifies a premium in comparison to the average Forward P/E of 13.88 for its industry.
Investors should also note that ONON has a PEG ratio of 0.57 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Retail - Apparel and Shoes industry stood at 1.22 at the close of the market yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 98, finds itself in the top 40% 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) Gains As Market Dips: What You Should Know
On Holding (ONON - Free Report) ended the recent trading session at $34.04, demonstrating a +2.47% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.47%. On the other hand, the Dow registered a gain of 0.1%, and the technology-centric Nasdaq decreased by 1.25%.
Coming into today, shares of the running-shoe and apparel company had gained 23.77% in the past month. In that same time, the Retail-Wholesale sector lost 2.73%, while the S&P 500 gained 1.15%.
Analysts and investors alike will be keeping a close eye on the performance of On Holding in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.51, reflecting a 2% increase 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 full year, the Zacks Consensus Estimates project earnings of $1.73 per share and a revenue of $4.28 billion, demonstrating changes of +78.35% and +17.55%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for On Holding. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 2.63% higher. Right now, On Holding possesses a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that On Holding has a Forward P/E ratio of 19.2 right now. This signifies a premium in comparison to the average Forward P/E of 13.88 for its industry.
Investors should also note that ONON has a PEG ratio of 0.57 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Retail - Apparel and Shoes industry stood at 1.22 at the close of the market yesterday.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 98, finds itself in the top 40% 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.