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On Holding (ONON) Stock Dips While Market Gains: Key Facts
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In the latest trading session, On Holding (ONON - Free Report) closed at $32.17, marking a -3.01% move from the previous day. This change lagged the S&P 500's daily gain of 0.6%. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq gained 1.18%.
Shares of the running-shoe and apparel company witnessed a gain of 10.57% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 2.94%, and the S&P 500's loss of 0.79%.
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 $0.5, reflecting no change from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.14 billion, up 14.6% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.73 per share and revenue of $4.27 billion, indicating changes of +78.35% and +17.37%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for On Holding. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.24% higher. Right now, On Holding possesses a Zacks Rank of #3 (Hold).
With respect to valuation, On Holding is currently being traded at a Forward P/E ratio of 19.23. For comparison, its industry has an average Forward P/E of 14.52, which means On Holding is trading at a premium to the group.
It's also important to note that ONON currently trades at a PEG ratio of 0.57. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Retail - Apparel and Shoes industry held an average PEG ratio of 1.29.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 164, finds itself in the bottom 34% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 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 Dips While Market Gains: Key Facts
In the latest trading session, On Holding (ONON - Free Report) closed at $32.17, marking a -3.01% move from the previous day. This change lagged the S&P 500's daily gain of 0.6%. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq gained 1.18%.
Shares of the running-shoe and apparel company witnessed a gain of 10.57% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 2.94%, and the S&P 500's loss of 0.79%.
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 $0.5, reflecting no change from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.14 billion, up 14.6% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.73 per share and revenue of $4.27 billion, indicating changes of +78.35% and +17.37%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for On Holding. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.24% higher. Right now, On Holding possesses a Zacks Rank of #3 (Hold).
With respect to valuation, On Holding is currently being traded at a Forward P/E ratio of 19.23. For comparison, its industry has an average Forward P/E of 14.52, which means On Holding is trading at a premium to the group.
It's also important to note that ONON currently trades at a PEG ratio of 0.57. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Retail - Apparel and Shoes industry held an average PEG ratio of 1.29.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 164, finds itself in the bottom 34% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 follow all of these stock-moving metrics, and many more, on Zacks.com.