Shares of On Holding AG ONON were rising in early trading on Tuesday, after the company reported strong fourth-quarter sales growth.
On Holding (ONON 4.49%), a Switzerland-based pioneer in athletic performance footwear and apparel, reported its earnings results for the fourth quarter of 2024 on March 4. Its adjusted earnings per share (EPS) of 0.33 Swiss francs (about $0.37 at the current exchange rate) exceeded the market estimate of 0.22 Swiss francs ($0.20) per share.
On stock jumped after clearing Q4 earnings estimates. The Swiss shoemaker details potential tariff impacts.
On Holding (ONON) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to loss of $0.06 per share a year ago.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Zacks.com users have recently been watching On Holding (ONON) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
On Holding (ONON) reachead $48.75 at the closing of the latest trading day, reflecting a +0.64% change compared to its last close.
On Holding's impressive 18.8% FCF margin and 60.2% gross margin highlight its strong financial performance. International growth, particularly in the APAC region, and the expansion of retail stores and the DTC channel are key drivers for On's future success and can help expand margins further. Despite decelerating top-line growth, On's profitability and operating leverage remain strong, justifying a buy rating after a 23.9% sell-off since January.
On Holding (ONON) concluded the recent trading session at $51.21, signifying a -1.65% move from its prior day's close.
ONON shows strong upward momentum, with a recent -21% pullback presenting a buying opportunity, targeting a +45% potential gain to $74. Despite high valuation concerns, ONON's solid revenue growth, high profit margins, and impressive cash flow performance support the upward momentum. The company's solid business model and its innovative technology have driven significant market share growth.
The latest trading day saw On Holding (ONON) settling at $54.04, representing a +0.13% change from its previous close.
On Holding (ONON) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.