On Holding Set to Announce Q1 Earnings Amid Strong Growth Expectations

On Holding AG is set to release its Q1 2024 earnings report on May 14, with consensus estimates predicting strong growth and a 30.8% year-over-year revenue increase. The company's innovative products and strategic investments are expected to have driven its performance.

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Nitish Verma
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On Holding Set to Announce Q1 Earnings Amid Strong Growth Expectations

On Holding Set to Announce Q1 Earnings Amid Strong Growth Expectations

On Holding AG (ONON), the Swiss sports apparel company, is gearing up to release its first-quarter 2024 earnings results on Tuesday, May 14th, before the market opens. Analysts and investors are eagerly awaiting the report, with consensus estimates pointing towards strong growth and solid financial performance.

The consensus EPS estimate for On Holding stands at $0.16, indicating no change from the year-ago levels. Meanwhile, the consensus revenue estimate is pegged at an impressive $549.52 million, suggesting a robust 30.8% year-over-year increase. These figures reflect the company's continued momentum and its ability to navigate the competitive landscape of the sports apparel industry.

Why this matters: The performance of On Holding, a leading sports apparel company, has implications for the broader retail and consumer goods sector, as well as the global economy. A strong earnings report could boost investor confidence and have a positive impact on the stock market.

Several key factors are expected to have contributed to On Holding's anticipated strong performance in the first quarter. The company has experienced heightened brand demand, driven by its innovative product offerings and strategic investments in brand visibility. Additionally, the introduction of new stores and an expanding footprint in China have further fueled growth. On Holding's ongoing product innovation efforts and robust sales figures through wholesale partners have also played a significant role in its success.

Despite the positive expectations, it's worth noting that the Zacks Consensus Estimate for the bottom line has witnessed downward revisions of 5.9% in the past 30 days. This suggests that while growth remains strong, there may be some slight adjustments to earnings projections as the reporting date approaches.

Looking at On Holding's historical performance, the company has a track record of surpassing expectations. Over the last two years, On Holding has beaten EPS estimates 75% of the time and revenue estimates 88% of the time. This consistency in outperforming projections bodes well for the upcoming earnings release.

As the earnings date approaches, investors will be closely monitoring On Holding's results and management's commentary on future growth prospects. The company's ability to maintain its momentum, expand its market presence, and continue delivering innovative products will be key factors in determining its long-term success. With strong consensus estimates and a history of beating expectations, On Holding is well-positioned to deliver another impressive quarter.

Key Takeaways

  • On Holding AG to release Q1 2024 earnings on May 14th, with strong growth expected.
  • Consensus EPS estimate: $0.16, revenue estimate: $549.52 million (30.8% YoY increase).
  • Strong performance driven by brand demand, new stores, and product innovation.
  • On Holding has beaten EPS estimates 75% of the time and revenue estimates 88% of the time.
  • Investors will closely monitor results and management's commentary on future growth prospects.