On AG(US:ONON) ZACKSยท2024-09-20 22:56Group 1 - On Holding (ONON) closed at $49.95, with a +0.44% change, outperforming the S&P 500's daily loss of 0.19% [1] - Over the past month, shares of On Holding have appreciated by 15.14%, significantly outperforming the Consumer Discretionary sector's gain of 2.68% and the S&P 500's gain of 2.06% [1] Group 2 - The upcoming earnings release is projected to show an EPS of $0.25, a 13.64% increase year-over-year, and revenue of $718.09 million, a 32.04% increase compared to the previous year [2] - For the annual period, earnings are anticipated at $1.02 per share and revenue at $2.65 billion, reflecting increases of +161.54% and +32.58% respectively from last year [3] Group 3 - Recent estimate revisions for On Holding indicate positive sentiment regarding the company's business outlook, as these revisions are correlated with near-term share price momentum [3][4] - The Zacks Rank system, which incorporates estimate changes, currently ranks On Holding at 3 (Hold), with a recent upward shift of 1.93% in the EPS estimate [5] Group 4 - On Holding has a Forward P/E ratio of 48.89, indicating a premium compared to its industry's Forward P/E of 19.34 [5] - The company has a PEG ratio of 1.11, which is lower than the average PEG ratio of 1.92 for the Leisure and Recreation Products industry [6] Group 5 - The Leisure and Recreation Products industry, part of the Consumer Discretionary sector, has a Zacks Industry Rank of 222, placing it in the bottom 13% of over 250 industries [6][7]