On Holding Earnings Are Approaching: Analysts Adjust Forecasts Ahead of Earnings Call

On Holding AG (NYSE: ONON) is set to announce its fourth-quarter financial results on Tuesday, March 4, before the market opens.

Analysts project that the Zurich, Switzerland-based company will report quarterly earnings of 18 cents per share, a significant improvement compared to a loss of 5 cents per share during the same period last year. Furthermore, On Holding anticipates quarterly revenue to reach approximately $594.37 million, up from $447.1 million reported a year ago, according to data provided by Benzinga Pro.

On November 12, 2024, On Holding shared better-than-expected third-quarter sales figures and subsequently raised its guidance for net sales for the fiscal year 2024.

On Holding’s stock experienced a gain of 3.8%, closing at $48.48 on Friday.

For those interested in recent analyst opinions on On Holding, here are some insights from the most accurate analysts:

• Telsey Advisory Group's analyst Cristina Fernandez kept an Outperform rating with a price target set at $67 on February 25, 2025. This analyst holds an accuracy rate of 64%.
• Goldman Sachs analyst Richard Edwards downgraded On Holding from Buy to Neutral, adjusting the price target to $57 on February 12, 2025, with an accuracy rate of 66%.
• Morgan Stanley analyst Alex Straton maintained an Overweight rating and raised the price target from $62 to $65 on January 21, 2025, achieving an accuracy rate of 65%.
• Needham analyst Tom Nikic reiterated a Buy rating with a price target of $64 on January 15, 2025, holding an accuracy rate of 64%.
• TD Cowen analyst John Kernan kept a Buy rating and increased the price target from $65 to $66 on January 8, 2025, boasting an accuracy rate of 71%.

If you're considering investing in ONON stock, it's beneficial to review the perspectives shared by analysts throughout this period.

OnHolding, Earnings, Analysts