In the latest close session, On Holding (ONON) was down 1.37% at $46.79. The stock's performance was behind the S&P 500's daily gain of 0.77%. At the same time, the Dow added 0.76%, and the tech-heavy Nasdaq gained 1.05%.
Heading into today, shares of the running-shoe and apparel company had gained 2.09% over the past month, outpacing the Retail-Wholesale sector's loss of 6.07% and the S&P 500's loss of 0.98%.
Investors will be eagerly watching for the performance of On Holding in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on March 3, 2026. The company is forecasted to report an EPS of $0.26, showcasing a 31.58% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $896.42 million, showing a 29.68% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $0.94 per share and a revenue of $3.73 billion, demonstrating changes of -14.55% and +41.37%, respectively, from the preceding 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. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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, 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, On Holding holds a Zacks Rank of #1 (Strong Buy).
Digging into valuation, On Holding currently has a Forward P/E ratio of 27.67. This denotes a premium relative to the industry average Forward P/E of 19.26.
It's also important to note that ONON currently trades at a PEG ratio of 1.18. 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. As of the close of trade yesterday, the Retail - Apparel and Shoes industry held an average PEG ratio of 1.88.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 41, placing it within the top 17% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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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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