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

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

Analysts predict that this company, based in Zurich, Switzerland, will report earnings of 18 cents per share for the quarter. This marks a significant improvement compared to the same period last year, when the company recorded a loss of 5 cents per share. In addition, On Holding is forecasting quarterly revenue to reach approximately $594.37 million, an increase from $447.1 million from the previous year, as reported by Benzinga Pro.

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

Recently, On Holding's shares experienced a boost, gaining 3.8% to close at $48.48 on Friday.

For those interested in the latest insights, Benzinga provides an Analyst Stock Ratings page where readers can explore analyst ratings. They can filter ratings by stock ticker, company name, analyst firm, rating changes, and more.

Recent Analyst Ratings

Here’s a summary of how some of the most accurate analysts have rated On Holding in the recent period:

• Analyst Cristina Fernandez from Telsey Advisory Group has maintained an Outperform rating with a target price of $67 as of February 25, 2025. She has an accuracy rate of 64%.
• Richard Edwards from Goldman Sachs downgraded the stock from Buy to Neutral with a price target of $57 on February 12, 2025, achieving an accuracy rate of 66%.
• Alex Straton from Morgan Stanley retained an Overweight rating and increased the price target from $62 to $65 on January 21, 2025, with an accuracy rate of 65%.
• Needham analyst Tom Nikic reiterated a Buy rating with a target price of $64 on January 15, 2025, also having an accuracy rate of 64%.
• John Kernan of TD Cowen maintained a Buy rating and raised the price target from $65 to $66 on January 8, 2025, holding an accuracy rate of 71%.

If you are considering investing in ONON stock, it is crucial to keep an eye on analysts’ insights and ratings as they provide valuable information about the company’s future prospects.

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