On Holding AG ONON.N reported a quarterly adjusted loss of 10 rappen per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 14 rappen. The mean expectation of eighteen analysts for the quarter was for earnings of 21 rappen per share. Wall Street expected results to range from 11 rappen to 25 rappen per share.
Revenue rose 32% to CHF749.20 million from a year ago; analysts expected CHF705.30 million.
On Holding AG's reported EPS for the quarter was a loss of 13 rappen.
The company reported a quarterly loss of CHF40.9 million.
On Holding AG shares had fallen by 12.2% this quarter and lost 16.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 6% 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 25 "strong buy" or "buy," 3 "hold" and no "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 $66.00, about 30.7% above its last closing price of $45.72
This summary was machine generated from LSEG data August 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)