Second-quarter earnings from On Holding were highlighted by strong growth. The company is enjoying brand momentum globally, including the key Asia-Pacific region.
On Holding is only scratching the surface of its potential.
Artificial intelligence continues to be a red-hot investment trend, but it would be a mistake to overlook other opportunities. On Holding is gaining market share, and the athletic shoe company's stock has big upside.
On Holdings' NYSE: ONON Q2 results were mixed regarding the analysts' expectations, but that is the only thing to hold against them. The strengthening of the Swiss franc impacts the details, which are still robust in every way and driving the stock price higher.
ON Holding (NYSE: ONON ) is a top-trending ticker this morning after the company reported that its revenue had jumped 28% in the second quarter versus the same period a year earlier. The Switzerland-based firm, which is also a breakout search term today, sells athletic footwear and other sports apparel.
On Holding (ONON) came out with quarterly earnings of $0.16 per share, missing the Zacks Consensus Estimate of $0.19 per share. This compares to earnings of $0.04 per share a year ago.
Swiss sneaker company On Holding topped second-quarter sales estimates, but earnings came in light.
On Holding (ONON) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ONON crossed above the 20-day moving average, suggesting a short-term bullish trend.
From a technical perspective, On Holding (ONON) is looking like an interesting pick, as it just reached a key level of support. ONON recently overtook the 50-day moving average, and this suggests a short-term bullish trend.
On Holding (ONON) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
RCL, ONON and SKWD made it to the Zacks Rank #1 (Strong Buy) growth stocks list on August 8, 2024.
In the closing of the recent trading day, On Holding (ONON) stood at $37.83, denoting a +1.58% change from the preceding trading day.