On Holding (ONON) closed at $36.50 in the latest trading session, marking a +2.76% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.37% for the day. On the other hand, the Dow registered a loss of 0.38%, and the technology-centric Nasdaq increased by 0.83%.
Shares of the running-shoe and apparel company witnessed a gain of 11.42% over the previous month, beating the performance of the Retail-Wholesale sector with its gain of 6.26%, and the S&P 500's loss of 2.29%.
The investment community will be paying close attention to the earnings performance of On Holding in its upcoming release. The company is slated to reveal its earnings on November 10, 2026. The company is predicted to post an EPS of $0.5, indicating constancy compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $1.14 billion, reflecting a 14.6% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.73 per share and revenue of $4.27 billion. These totals would mark changes of +78.35% and +17.37%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for On Holding. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.33% lower. On Holding is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, On Holding is currently being traded at a Forward P/E ratio of 20.59. This valuation marks a premium compared to its industry average Forward P/E of 15.29.
It is also worth noting that ONON currently has a PEG ratio of 0.61. 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 1.36.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 167, positioning it in the bottom 33% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).