Can On Holding (ONON) Run Higher on Rising Earnings Estimates?

Core Insights - On Holding (ONON) is experiencing solid improvement in earnings estimates, which is likely to positively impact its stock price [1][2] - Analysts are increasingly optimistic about the company's earnings prospects, leading to higher estimates that correlate with stock price movements [2][3] Current-Quarter Estimate Revisions - For the current quarter, On Holding is expected to earn $0.26 per share, reflecting a decrease of 31.6% from the previous year [7] - Over the last 30 days, three estimates have increased while two have decreased, resulting in a 69.71% increase in the Zacks Consensus Estimate [7] Current-Year Estimate Revisions - The full-year earnings estimate stands at $0.96 per share, indicating a decline of 12.7% from the prior year [8] - The current year's revisions show a positive trend, with six estimates moving higher and one lower, leading to a 90.39% increase in the consensus estimate [8][9] Favorable Zacks Rank - The positive estimate revisions have earned On Holding a Zacks Rank 1 (Strong Buy), indicating strong potential for stock performance [10] - Research indicates that stocks with a Zacks Rank 1 and 2 significantly outperform the S&P 500 [10] Bottom Line - Investors are showing confidence in On Holding due to its strong estimate revisions, as evidenced by a 9.9% stock gain over the past four weeks [11] - The company's earnings growth prospects suggest potential for further stock price increases, making it a candidate for portfolio consideration [11]