On Holding's stock ($ONON) experienced a significant drop following its Q4 earnings report, with shares falling as much as 14.4% in pre-market trading. The company reported a notable miss on expected earnings per share (EPS), achieving $0.06 versus the estimated $0.11, and also missed on net sales. Additionally, On Holding provided lower guidance for future performance. Despite these financial setbacks, On Holding's co-CEO Marc Maurer expressed confidence in the brand's direction and its potential for growth, projecting a 30% increase this year. The earnings miss was attributed to factors such as the strength of the Swiss Franc against the US dollar and cautious inventory levels among wholesale accounts. Meanwhile, UBS analyst Jay Sole remains optimistic about On Holding's prospects, suggesting the stock could soar nearly 80% from its post-earnings position and has added $4 to his price target for the company.
$LMB down -10% after hours on a flat revenue guide despite handily beating estimates for FY23, expanding GMs by 300bps YoY and generating significant FCF. Their ODR segment is growing at 20% per year with no signs of slowing down and is responsible for 70% of gross profit.
Opened new position in $ONON as well. https://t.co/arzkSSXs4K
$CLPT getting some well deserved love following the ER. With funding strong growth finally starting to really accelerate and multiple catalysts on the horizon my bags might finally get lifted https://t.co/ghhsP2k9Tv https://t.co/oW8QrI9zWA
McGough: $ONON Is Due for ‘Colossal Blowup’ This Year.. If you have not watched @marcuslemonis speak about $BYON , here is your chance @HedgeyeRetailJM @HedgeyeRetail https://t.co/7F9jnrNVaC
$ONON - should go higher says UBS Shoemaker can soar nearly 80% following post-earnings tumble, UBS says On Holding’s post-earnings slide creates a good place for investors to snap up shares, UBS said. Analyst Jay Sole reiterated his buy rating, while adding $4 to his price…
The $CLPT Flywheel evident in Q4 results, 2024 guidance, and the addition of 6 hospitals in first 2 months of 2024.
“For a name like $ONON priced as the second coming of Nike, you can’t miss a quarter and have a 2,000 bps deceleration in your top line...I still think this name’s going to have a colossal blowup.” @HedgeyeRetail's short idea plummeted today. See why: https://t.co/oNec2XG4B0 https://t.co/MshO9v4lvk
$CLPT +9% AH on ER; great results. Looks like $6 might be the bottom. •Q4 revenue +32% YoY •Cash burn down to $1.2M in Q4 with ~$38M cash = plenty runway Trades at 5x sales for what I imagine will be hockey stick growth. Tiny mkt cap, good mgmt, big moat, 10 bagger candidate https://t.co/tcYtuSrWwL
A strong report from $CLPT growth starting to accelerate “activation of more new clinical customers in the first quarter than in all of 2023.” https://t.co/50P2Mt9dnf
$CLOV @CloverHealth Reports Q4 + Full Year 2023 Finl Results; MCR improved to 81.2% and Q4 MCR to 82.4% 2024 guidance with Insurance MCR range of 79% - 83% and up to $20mm of Adj EBITDA profitability at the high end of the range https://t.co/7Egk97L9uy https://t.co/D1mN6WcZt7
$ONON disappoints with earnings miss despite strong brand visibility. Are consumers shifting spending away from discretionary goods? @MXLESQ explains with @petenajarian on Rebel's Edge 🏴☠️1pm #earnings #retail #athleisure #stocks #runinthepark #itsnotanoption #Spring 🌺 https://t.co/byBNjy99gm
$ONON Is Due for ‘Colossal Blowup’ This Year💣 @HedgeyeRetail and @KeithMcCullough may be fans of the shoes, but that doesn’t cloud their judgement of the company’s stock. 16 of 19 Wall Street analysts have “Buy” ratings on On Holding $ONON. McGough and the Retail team went… https://t.co/94qWP8doOH
On Holdings shares plunged on a quarterly results miss, but the company's Co-CEOs remain confident in the brands potential: "We expect 30% growth in this year. That's above our expectation to double our business in the next three years." $ONON https://t.co/FX6joPUK2O
I been watching $ONON since it's IPO & was wondering when to start a position. Then I heard the #Stonks guy bought it. So I waited. Now $ONON earnings falls short, impacted by Swiss Franc strength vs US Dollar & cautious wholesale account inventory levels. Still watching. https://t.co/hAMu9O4eZc
"We are on the path to be the most premium global sportswear brand," $ONON co-CEO Marc Maurer says. "We're very happy with where consumer demand is and where we stand as a brand." https://t.co/0kSWkZsgGL
$ONON (-14.4% pre) On Running Tumbles From Buy Point After Big Earnings Miss https://t.co/LwnfIG9Lh3
$ONON Down 8% pre market Big miss on EPS $0.06 vs $0.11 est Rev also miss, Lowered guidance. https://t.co/bFhlyqR9L1
On Holding $ONON stock down 9% as Q4 net sales miss the mark https://t.co/1f0lTUN4QP https://t.co/xKjdNSgpxZ