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

On Holding AG

14/05/2024 14:31

* On Holding AG  ONON.N  reported quarterly adjusted
earnings of
36 rappen​​ per share for the quarter ended in January, higher
than the same quarter last year, when the company reported EPS
of 17 rappen.  The mean expectation of sixteen analysts for the
quarter was for earnings of 14 cents per share. Wall Street
expected results to range from 11 cents to 20 rappen per share.
    * Revenue rose 20.9% to CHF508.20 million from a year ago;
analysts expected $497.38 million. 
    * On Holding AG's reported EPS for the quarter was 31
rappen​.
    * The company reported quarterly net income of $91.4
million.
    * On Holding AG shares had fallen by 13.3% this quarter and
gained 13.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
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 May 14 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
 Mar. 31 2024      0.14           0.36           Beat
 Dec. 31 2023      0.11           -0.06          Missed
 Sep. 30 2023      0.15           0.22           Beat
 Jun. 30 2023      0.11