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On Holding (ONON) Outperforms Broader Market: What You Need to Know
Zacks Investment Research·
On Holding (ONON) closed at $30.20, up 1.99% in the latest session, outperforming the S&P 500. However, the company holds a Zacks Rank #5 (Strong Sell) rating. While revenue is expected to grow 15.02% next quarter and 17.87% for the full year, EPS is forecasted to decline 6% quarter-over-quarter. The stock trades at a Forward P/E of 17.35, above its industry average of 13.88, despite a favorable PEG ratio of 0.51.
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