On Holding (ONON) ended the recent trading session at $46, demonstrating a -0.11% swing from the preceding day's closing price. This change was narrower than the S&P 500's 0.33% loss on the day. At the same time, the Dow lost 0.37%, and the tech-heavy Nasdaq lost 0.53%.
Shares of the running-shoe and apparel company have depreciated by 7.7% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 6.29% and the S&P 500's loss of 4.03%.
Analysts and investors alike will be keeping a close eye on the performance of On Holding in its upcoming earnings disclosure. In that report, analysts expect On Holding to post earnings of $0.23 per share. This would mark a year-over-year decline of 39.47%. Meanwhile, our latest consensus estimate is calling for revenue of $766.26 million, up 31.79% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.16 per share and revenue of $3.36 billion, indicating changes of +5.45% and +27.41%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for On Holding. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
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.
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. The Zacks Consensus EPS estimate has moved 6.44% higher within the past month. Currently, On Holding is carrying a Zacks Rank of #2 (Buy).
Looking at valuation, On Holding is presently trading at a Forward P/E ratio of 39.83. This indicates a premium in contrast to its industry's Forward P/E of 15.
We can additionally observe that ONON currently boasts a PEG ratio of 1.91. 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. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.44 based on yesterday's closing prices.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 185, this industry ranks in the bottom 27% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
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On Holding AG (ONON): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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