On Holding Earnings Are Imminent; Analysts Revise Forecasts Ahead Of Earnings Call

On Holding AG (NYSE: ONON) is set to unveil its fourth-quarter financial results on Tuesday, March 4, before the stock market opens. Investors and analysts alike are looking forward to how the company performed during this period.

Analysts predict that On Holding, based in Zurich, Switzerland, will report earnings of 18 cents per share for the quarter. This marks a significant turnaround from a loss of 5 cents per share reported in the same quarter last year. Additionally, the company is expected to generate quarterly revenue of approximately $594.37 million, compared to $447.1 million in the previous year, based on data from Benzinga Pro.

Recently, on November 12, 2024, On Holding posted third-quarter financial results that exceeded expectations, leading the company to raise its full-year 2024 net sales guidance.

Following this positive news, On Holding's shares rose by 3.8%, closing at $48.48 this past Friday, which indicates investor confidence ahead of the upcoming earnings announcement.

In anticipation of the earnings report, various analysts have updated their ratings for On Holding. A closer look at the insights from the most accurate analysts in the field reveals the following:

• Telsey Advisory Group: Analyst Cristina Fernandez maintained an Outperform rating with a price target of $67 as of February 25, 2025. This analyst has an accuracy rate of 64%.
• Goldman Sachs: Richard Edwards downgraded the stock from Buy to Neutral, setting a price target of $57 on February 12, 2025. His accuracy rate stands at 66%.
• Morgan Stanley: Analyst Alex Straton kept an Overweight rating and raised the price target from $62 to $65 on January 21, 2025, with an accuracy rate of 65%.
• Needham: Tom Nikic reiterated a Buy rating with a price target of $64 on January 15, 2025, boasting an accuracy rate of 64%.
• TD Cowen: Analyst John Kernan maintained a Buy rating and raised the price target from $65 to $66 on January 8, 2025, reflecting an impressive accuracy rate of 71%.

As the earnings announcement draws near, potential investors are keen to understand how analysts view ONON stock. The revisions and ratings from these analysts provide a clearer picture as to what to expect.

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Earnings, Analysts, Forecasts