On Holding AG reports results for the quarter ended September 30 - Earnings Summary

On Holding AG

12/11/2024 15:23

* On Holding AG  ONON.N  reported quarterly adjusted
earnings of
16 rappen​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of 22 rappen.  The mean expectation of sixteen analysts for the
quarter was for earnings of 20 rappen per share. Wall Street
expected results to range from 12 rappen to 28 cents per share.
    * Revenue rose 32.3% to CHF635.80 million from a year ago;
analysts expected CHF617.29 million. 
    * On Holding AG's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of CHF30.5
million.
    * On Holding AG shares had risen by 5.1% this quarter and
gained 95.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.4%
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 19 "strong buy" or "buy," 4
"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
54.00 
This summary was machine generated from LSEG data November 12 at
03:23 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
 Sep. 30 2024      0.20           0.16           Missed
 Jun. 30 2024      0.16           0.14           Missed
 Mar. 31 2024      0.14           0.33           Beat
 Dec. 31 2023      0.11           -0.06          Missed