ONONOn Holding AG
- Next report
- No date yet
- none in the next 8 weeks
- Last result
- $0.54Beat
- vs $0.42 expected on Nov 10
- Stock move on it
- −7.54%
- one session
- Price
- $33.27
- −4.15% today · $10.4B cap
Past and upcoming reports
1
| Nov 10, 2026 | Sep 30, 2026 | Before the market opens | $0.42 | Beat$0.54 | −7.54% |
After the report
Nov 10, 2026 report
On Holding beat EPS estimates, but the stock barely moved as valuation and execution remained central
On Holding reported $0.54 EPS for the quarter ended September 30, beating the $0.41 estimate by 32.51%. Shares closed at $34.72 on November 11, up 0.06%, while the stock remained below its 20-day EMA of $34.93 and 200-day SMA of $40.17. Growth remained the core thesis, but endorsement and expansion spending could pressure profitable demand.
Reported against expected
BeatReported EPS was $0.54 versus the $0.41 estimate, a $0.13 or 32.51% beat.
Guidance
No explicit post-earnings guidance figures were provided. The available forward indicators showed estimated next-year EPS growth of 14.53% and an intelligence forecast of 23.16%.
How the stock reacted
The stock closed at $34.72 on November 11, up 0.06%. event-day and day-two reaction data were unavailable.
What changed
EPS was $0.54, beating estimates by 32.51%, while the shares remained below the 20-day EMA at $34.93.
What the price now assumes
The 0.06% post-print gain suggests limited immediate repricing despite the EPS beat and 16.99 forward P/E.
What it means for the business
Maintain a constructive bias only if forward EPS growth remains above 14.53% and price reclaims $34.93.
The next one to three months, as we saw it then
Better case40%
The EPS beat supports the growth thesis if On converts brand expansion and endorsement spending into sustained profitable demand.
Base case40%
The company delivers growth without a major valuation rerating, leaving shares range-bound around the current $34.72 level.
Worse case20%
Expansion and endorsement costs fail to generate enough profitable demand, weakening earnings support for the valuation.
If you hold it
Hold unless next-quarter revenue misses guidance materially or customer concentration risk worsens.
If you are watching
Add only if next-quarter guidance is reiterated or raised. avoid if guidance is cut or geopolitical risk escalates.
Scenario odds are a judgement, not measured.