On Holding Q1 2024 Adj EPS $0.38 Beats $0.14 Estimate, Sales $581.594M Beat $497.163M Estimate
Portfolio Pulse from Benzinga Newsdesk
On Holding (NYSE:ONON) reported Q1 2024 adjusted EPS of $0.38, surpassing the $0.14 estimate, with sales of $581.594M exceeding the $497.163M forecast. This represents a 28.09% increase in sales compared to the same period last year.
May 14, 2024 | 9:04 am
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On Holding significantly exceeded Q1 2024 earnings and sales estimates, with a 28.09% increase in sales year-over-year.
Beating both earnings and sales estimates by a wide margin, especially with a significant year-over-year sales growth, is a strong positive signal for investors. This performance could lead to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100