On Holding AG reports results for the quarter ended in December - Earnings Summary

On Holding AG

12/03/2024 13:31

* On Holding AG  ONON.N  reported a quarterly adjusted loss
of 6
rappen​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of 2
rappen.  The mean expectation of fifteen analysts for the
quarter was for earnings of 11 rappen per share. Wall Street
expected results to range from 5 rappen to 16 rappen per share.
    * Revenue rose 21.9% to CHF447.10 million from a year ago;
analysts expected CHF450.58 million. 
    * On Holding AG's reported EPS for the quarter was a loss
of 9
rappen​.
    * The company reported a quarterly loss of CHF26.8 million.
    * On Holding AG shares had risen by 24.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 15 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the footwear peer
group
is also "buy"

Wall Street's median 12-month price target for On Holding AG is
$38.00 
This summary was machine generated from LSEG data March 12 at
01:31 p.m. UTC. ​All figures in Swiss francs unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.11           -0.06          Missed
 Sep. 30 2023      0.15           0.22           Beat
 Jun. 30 2023      0.11                          
 Mar. 31 2023      0.09           0.17           Beat