On Holding Analysts Slash Their Forecasts After Q4 Results

On Holding (NYSE:ONON) on Tuesday reported upbeat fourth-quarter earnings, but issued disappointing revenue guidance.

The company reported adjusted earnings per share of 31 cents, topping the 18-cent analyst estimate. Net sales for the three months ended Dec. 31, came in at $930.66 million, edging past the $915.20 million consensus forecast, according to Benzinga Pro.

On Holding said it expects fiscal year 2026 net sales to exceed $4.304 billion. That figure trails the $4.590 billion analysts had penciled in.

David Allemann, Co-Founder and Executive Co-Chairman of On, said, “Surpassing the CHF 3 billion annual revenue milestone with record profitability is a profound validation of our vision to build the world’s most premium global sportswear brand. We are witnessing a fundamental societal shift, as people globally replace traditional markers of status with a commitment to health, longevity, and performance. On is uniquely positioned to deliver what this discerning consumer demands – from scaling breakthrough innovations like LightSpray™ to deepening our cultural resonance and delivering our fullest brand expression from toe-to-head. We are building a brand designed for the future of movement.”

On Holding shares fell 3.4% to trade at $42.41 on Wednesday.

These analysts made changes to their price targets on On Holding following earnings announcement.

• Guggenheim analyst Simeon Siegel maintained On Holding with a Buy and lowered the price target from $59 to $51.
• Barclays analyst Adrienne Yih maintained the stock with an Overweight rating and cut the price target from $60 to $57.
• Truist Securities analyst Joseph Civello maintained the stock with a Buy and lowered the price target from $65 to $55.

Considering buying ONON stock? Here’s what analysts think:

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