On Holding (ONON) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $0.54
- Estimate
- $0.41
- Surprise
- +32.5%
- Revenue (period 2026-09-30)
- $931.4M
- Score today
- 6.3/10
Revenue source: yfinance_provisional (provisional — SEC XBRL not yet filed for this period).
How the report landed
On Holding (ONON) beat the $0.41 estimate with adjusted EPS of $0.54 — a large 32.5% upside surprise.
Coverage in the report window
- Cantor Fitzgerald Reiterates Overweight on On Holding, Maintains $46 Price Target — benzinga, 2026-11-11
Where TrendMatrix's rating stands now
TrendMatrix currently rates ONON Sell at 6.3/10; no pre/post engine snapshot brackets this report.
3 of the last 4 quarters beat the estimate; this quarter's +32.5% surprise compares with a +29.4% four-quarter average.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.7 in RISK_OFF)
- Strong earnings beat streak (3/4)
What argues against it
- Sector modifier (Consumer Cyclical): -1.5
- Below 200-MA, MA slope -5.2%/30d (confirmed downtrend)
- Death cross — 50-day MA below 200-day MA
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $34.70
- Price target
- $40.30
- Stop
- $32.27
- Upside to target
- +16.1%
- Reward-to-risk
- 1.6:1
The stock trades at 21.2× trailing but 16.8× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: trading volume is running 2.2× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-11-11 — shown for context, not personalized investment advice.
ONON at TrendMatrix's latest read
Cyclical consumer names live and die on demand momentum — same-quarter comps and guidance carry more weight than the headline surprise.
- Industry
- Footwear & Accessories
- Market cap
- $11.60B
- P/E (fwd)
- 16.8
- P/E (ttm)
- 21.2
- 52-week range
- $26.36–$51.08
- Off 52-week high
- 32.1%
- RSI (14)
- 52
- Volume vs avg
- 2.23×
- Score today
- 6.3/10