On AG-On Holding (ONON) Surpasses Market Returns: Some Facts Worth Knowing

Company Performance - On Holding (ONON) closed at $59.04, marking a +1.2% change from the previous day, outperforming the S&P 500's gain of 0.39% [1] - The stock has increased by 5.54% over the past month, which is below the Retail-Wholesale sector's gain of 8.29% but above the S&P 500's gain of 1.7% [1] Upcoming Earnings - The company is expected to report an EPS of$ 0.20, reflecting a significant increase of 433.33% from the same quarter last year [2] - Revenue is forecasted to be $666.44 million, indicating a growth of 32.05% compared to the corresponding quarter of the previous year [2] Analyst Estimates - Recent changes to analyst estimates for On Holding are crucial as they reflect near-term business trends and analysts' confidence in the company's performance [3] - Positive revisions in estimates are correlated with stock price performance, suggesting potential upward movement [4] Zacks Rank and Valuation - On Holding currently holds a Zacks Rank of 2 (Buy), with the consensus EPS estimate moving 1.38% higher over the last 30 days [5] - The company has a Forward P/E ratio of 51.57, which is a premium compared to the industry average of 15.87 [6] - The PEG ratio for On Holding is 0.89, while the Retail - Apparel and Shoes industry has an average PEG ratio of 1.26 [6] Industry Overview - The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector and holds a Zacks Industry Rank of 70, placing it in the top 28% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]