• On Holding AG ONON.N reported quarterly adjusted earnings of 23 rappen​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 33 rappen. The mean expectation of nineteen analysts for the quarter was for earnings of 22 rappen per share. Wall Street expected results to range from 18 rappen to 27 rappen per share.

• Revenue rose 43% to CHF726.60 million from a year ago; analysts expected CHF681.20 million.

• On Holding AG's reported EPS for the quarter was 19 rappen​.

• The company reported quarterly net income of CHF56.7 million.

• On Holding AG shares had risen by 16.8% this quarter and lost 6.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2.8% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 25 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the footwear peer group is also "buy"

• Wall Street's median 12-month price target for On Holding AG is $60.00

This summary was machine generated from LSEG data May 13 at 01:31 p.m. UTC. ​All figures in Swiss francs unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)