On Holding Q2 Adj. EPS $0.04 Misses $0.13 Estimate, Sales $494.08M Beat $463.07M Estimate
Portfolio Pulse from Benzinga Newsdesk
On Holding (NYSE:ONON) reported Q2 adjusted earnings of $0.04 per share, missing the analyst consensus estimate of $0.13 by 69.23%. This is a 73.33% decrease from the same period last year. The company also reported quarterly sales of $444.30 million, missing the analyst consensus estimate of $463.07 million by 4.05%. However, this is a 46.89% increase from the same period last year.
August 15, 2023 | 9:30 am
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NEGATIVE IMPACT
On Holding's Q2 earnings and sales missed estimates, which could negatively impact its stock price in the short term.
On Holding's earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market and could lead to a decrease in the stock price. However, the company's sales did increase significantly compared to the same period last year, which could potentially offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100