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

On Holding AG

13/08/2024 14:51

* On Holding AG  ONON.N  reported quarterly adjusted
earnings of
15 rappen​​ per share for the quarter ended in June.  The mean
expectation of fifteen analysts for the quarter was for earnings
of 16 rappen per share. Wall Street expected results to range
from 12 rappen to 18 rappen per share.
    * Revenue rose 27.8% to CHF567.70 million from a year ago;
analysts expected CHF560.85 million. 
    * On Holding AG's reported EPS for the quarter was 10
rappen​.
    * The company reported quarterly net income of CHF30.8
million.
    * On Holding AG shares had risen by 1.9% this quarter and
gained 46.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.8%
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 17 "strong buy" or "buy," 3
"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
$46.00 
This summary was machine generated from LSEG data August 13 at
01:51 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
 Jun. 30 2024      0.16           0.15           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