In the latest trading session, On Holding (ONON) closed at $37.83, marking a +1.58% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.04%. Elsewhere, the Dow saw an upswing of 0.76%, while the tech-heavy Nasdaq appreciated by 1.03%. Coming into today, shares of the running-shoe and apparel company had lost 1.82% in the past month. In that same time, the Consumer Discretionary sector lost 5.13%, while the S&P 500 lost 6.74%. Market participants will be closely following the financi ...

Wall Street expects a year-over-year increase in earnings on higher revenues when On Holding (ONON) reports results for the quarter ended June 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 13, 2024, might help the stock move higher if these key numbers are better than expec ...

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.95 per share and revenue of $2.56 billion, indicating changes of +143.59% and +28.38%, respectively, compared to the previous year. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ...

Investors might want to bet on On Holding (ONON) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. ...

Investors should also take note of any recent adjustments to analyst estimates for On Holding. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 225, this industry ranks in the bottom 11% o ...

Investment Thesis These are all critical components of my investment thesis in ONON. Brand recognition is a critically important part of the success and sustainability of an athleisure company, especially for a premium footwear and apparel company like ONON. ONON expects to increase brand recognition by designing innovative and differentiated products and finding success in elite athletics, using its"lightning and rain strategy" to turn this success into broader adoption among consumers. It has a growing li ...

While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making. We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A highe ...

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.65% higher. As of now, On Holding holds a Zacks Rank of #3 (Hold). The running-shoe and appa ...

The real question is whether or not the company can sustain its popularity to become a long-term fixture in the consumer apparel space. On's Product While the brand's focus is on activity, the company has found more mainstream appeal outside of that realm. On While the company does a good job on the manufacturing and margin front, we also believe that it has one of the best go-to-market strategies that we have ever seen, with each market, product, and distribution method perfectly mapped below: From a produ ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Of the 19 recommendations that derive the current ABR, 15 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 79% and 5.3% of all recommendations. The ABR suggests buying On Holding, but making an inve ...