On Holding (ONON) Stock Slides as Market Rises: Facts to Know Before You Trade

Company Overview - On Holding (ONON) is projected to have earnings of $0.95 per share and revenue of $2.56 billion for the entire year, reflecting increases of +143.59% and +28.38% compared to the previous year [1] - The company is currently rated 1 (Strong Buy) in the Zacks Rank system, which has shown an average annual return of +25% for 1 stocks since 1988 [2] Financial Performance - For the upcoming earnings release, On Holding's EPS is expected to be $0.19, indicating a 375% increase from the same quarter last year, with revenue projected at $623.44 million, a 26.15% increase year-over-year [6] - The company has a Forward P/E ratio of 42.34, which is significantly higher than the industry average Forward P/E of 15.01 [8] Market Position - On Holding's stock price recently closed at $39.83, showing a -0.97% change from the previous day, which is less than the S&P 500's daily gain of 0.08% [5] - Over the past month, shares of On Holding have gained 3.66%, while the Consumer Discretionary sector has lost 1.74% and the S&P 500 has lost 0.21% [10] Industry Context - The Leisure and Recreation Products industry, which includes On Holding, currently holds a Zacks Industry Rank of 219, placing it in the bottom 14% of over 250 industries [12] - The average PEG ratio for Leisure and Recreation Products stocks is 1.11, while On Holding's PEG ratio is 0.96, indicating a more favorable valuation relative to expected earnings growth [3]