In the latest trading session, On Holding (ONON) closed at $35.48, marking a -1.61% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.38%. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.13%.
Prior to today's trading, shares of the running-shoe and apparel company had gained 6.65% lagged the Retail-Wholesale sector's gain of 11.17% and the S&P 500's gain of 11.41%.
Analysts and investors alike will be keeping a close eye on the performance of On Holding in its upcoming earnings disclosure. The company's earnings report is set to go public on May 12, 2026. It is anticipated that the company will report an EPS of $0.35, marking a 52.17% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.05 billion, indicating a 29.91% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $1.64 per share and a revenue of $4.53 billion, demonstrating changes of +69.07% and +24.39%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for On Holding. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.36% lower within the past month. Right now, On Holding possesses a Zacks Rank of #4 (Sell).
With respect to valuation, On Holding is currently being traded at a Forward P/E ratio of 21.93. This expresses a premium compared to the average Forward P/E of 16.23 of its industry.
We can also see that ONON currently has a PEG ratio of 0.62. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Retail - Apparel and Shoes industry was having an average PEG ratio of 1.4.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).