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On Holding (ONON) Falls More Steeply Than Broader Market: What Investors Need to Know
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In the latest trading session, On Holding (ONON - Free Report) closed at $34.74, marking a -1.29% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 1.09% for the day. On the other hand, the Dow registered a loss of 0.34%, and the technology-centric Nasdaq decreased by 2.15%.
Shares of the running-shoe and apparel company have appreciated by 28.76% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 3.71%, and the S&P 500's gain of 2.44%.
The investment community will be paying close attention to the earnings performance of On Holding in its upcoming release. On that day, On Holding is projected to report earnings of $0.51 per share, which would represent year-over-year growth of 2%. Meanwhile, our latest consensus estimate is calling for revenue of $1.14 billion, up 14.85% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.73 per share and revenue of $4.28 billion, which would represent changes of +78.35% and +17.55%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for On Holding. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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.
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 past month, the Zacks Consensus EPS estimate has moved 1.46% higher. On Holding presently features a Zacks Rank of #3 (Hold).
With respect to valuation, On Holding is currently being traded at a Forward P/E ratio of 20.34. This expresses a premium compared to the average Forward P/E of 14.6 of its industry.
It's also important to note that ONON currently trades at a PEG ratio of 0.6. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Retail - Apparel and Shoes industry had an average PEG ratio of 1.24.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 153, positioning it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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On Holding (ONON) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest trading session, On Holding (ONON - Free Report) closed at $34.74, marking a -1.29% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 1.09% for the day. On the other hand, the Dow registered a loss of 0.34%, and the technology-centric Nasdaq decreased by 2.15%.
Shares of the running-shoe and apparel company have appreciated by 28.76% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 3.71%, and the S&P 500's gain of 2.44%.
The investment community will be paying close attention to the earnings performance of On Holding in its upcoming release. On that day, On Holding is projected to report earnings of $0.51 per share, which would represent year-over-year growth of 2%. Meanwhile, our latest consensus estimate is calling for revenue of $1.14 billion, up 14.85% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.73 per share and revenue of $4.28 billion, which would represent changes of +78.35% and +17.55%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for On Holding. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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.
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 past month, the Zacks Consensus EPS estimate has moved 1.46% higher. On Holding presently features a Zacks Rank of #3 (Hold).
With respect to valuation, On Holding is currently being traded at a Forward P/E ratio of 20.34. This expresses a premium compared to the average Forward P/E of 14.6 of its industry.
It's also important to note that ONON currently trades at a PEG ratio of 0.6. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Retail - Apparel and Shoes industry had an average PEG ratio of 1.24.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 153, positioning it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.