Movement Alert｜On Holding AG Rises 5.38% in Regular Trading, Footwear Sector Broadly Strengthens Ahead of Q2 Earnings

Market Focus08-03

On August 3, On Holding AG rose 5.38% in regular trading, trading at $37.63 USD/share, with turnover of $33.25 million. The rally occurred amid broad-based strength across the footwear sector, with peers including Crocs up 5.4%, Steven Madden up 4.04%, Deckers Outdoor up 2.75%, and Nike up 1.71%.

Market focus is on the company's upcoming Q2 earnings release scheduled for August 11 pre-market, with consensus expectations for adjusted EPS of $0.38. In its most recent quarter, the company posted adjusted EPS of $0.40, while its Q4 results earlier this year beat FactSet estimates with adjusted EPS of 0.25 Swiss Francs versus expectations of 0.21 Swiss Francs, reflecting a consistent track record of outperformance.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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