Analyst Predictions for On Holding AG's Upcoming Earnings Call
On Holding AG Earnings Predictions
On Holding AG ONON is gearing up to publish its fourth-quarter financial results shortly. Analysts are eagerly anticipating this announcement, which will likely happen before the market opens on an upcoming Tuesday.
Expected Earnings Performance
Forecasts indicate that the company, based in Zurich, Switzerland, is expected to report earnings of 18 cents per share this quarter, in contrast to a loss of 5 cents per share in the same quarter last year. The projected revenue for On Holding is estimated to reach around $594.37 million, a significant increase compared to last year's revenue of $447.1 million.
Recent Sales Figures
In a recent update, On Holding shared that its sales in the third quarter surpassed expectations. This positive performance likely contributes to the optimistic revenue guidance moving forward.
Stock Price Movement
Investors have responded positively to the company’s outlook, as reflected by a notable increase of 3.8% in its stock price, which closed at $48.48 recently. This upward movement demonstrates growing investor confidence in On Holding and its future prospects.
Analyst Ratings and Price Targets
In light of the upcoming earnings announcement, several analysts have adjusted their ratings and price targets for On Holding:
- Analyst Cristina Fernandez from Telsey Advisory Group maintained an Outperform rating, setting a price target at $67.
- Goldman Sachs analyst Richard Edwards downgraded the stock from Buy to Neutral, with a new target set at $57.
- Morgan Stanley's Alex Straton has kept an Overweight rating, raising the price target from $62 to $65.
- Needham analyst Tom Nikic reiterated a Buy rating with a target of $64.
- Finally, TD Cowen's John Kernan also sustained a Buy rating, increasing the target from $65 to $66.
Analysts' Insight
With these ratings in mind, potential investors in ONON stock might find this information valuable for their decision-making process. Each analyst provides insights based on comprehensive market analysis and financial fundamentals, portraying a rounded picture of the stock's potential trajectory.
Investor Considerations
For investors considering adding ONON to their portfolios, evaluating these insights alongside their individual investment strategy is crucial. Analysts’ forecasts can serve as a guideline while making informed choices about stock purchases or sales.
Future of On Holding
The future looks promising for On Holding as it continues to innovate and expand. Keeping a close eye on the earnings release and subsequent market reactions will be key for stakeholders.
Frequently Asked Questions
What are the upcoming earnings for On Holding AG?
On Holding AG is expected to announce its fourth-quarter earnings soon, with predictions of profits of 18 cents per share.
How did analysts rate On Holding AG?
Analysts have given various ratings, with the general sentiment showing positive outlooks and high price targets, indicating optimism for the stock.
What is the current stock price for On Holding AG?
As of the latest information, On Holding AG’s stock is priced at around $48.48.
What were the last quarter's earnings results?
In the most recent quarter, On Holding reportedly generated better-than-expected sales figures, which contributed to their positive outlook.
Why is On Holding AG's earnings report significant?
This report is significant as it will provide insights into the company’s performance and potential future growth, impacting investor decisions.
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