<p>对于 <strong>On Holding AG</strong> (NYSE:ONON) 的股东来说，这一周过得不错，因为公司刚刚发布了最新的季度财报，股价上涨了 3.3%，达到了 36.84 美元。收入为 8.32 亿瑞士法郎，基本符合分析师的预期，尽管法定每股收益（EPS）大幅超出预期，达到了 0.31 瑞士法郎，令人印象深刻，比预期高出 40%。分析师通常会在每次财报发布时更新他们的预测，我们可以根据他们的估计判断他们对公司的看法是否发生了变化，或者是否有新的关注点需要注意。我们收集了最新的法定预测，以查看分析师在这些结果发布后是否改变了他们的盈利模型。</p>
<p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
<p>在最新的财报发布后，覆盖 On Holding 的 26 位分析师现在预测 2026 年的收入为 35.5 亿瑞士法郎。如果实现，这将比过去 12 个月的收入增长 14%。每股收益预计将激增 60%，达到 1.21 瑞士法郎。在这份财报发布之前，分析师预测 2026 年的收入为 34.54 亿瑞士法郎，每股收益（EPS）为 1.12 瑞士法郎。因此，似乎在这些结果发布后，市场共识对 On Holding 的盈利潜力变得更加乐观。</p>
<p>查看我们对 On Holding 的最新分析</p>
<p>分析师的平均目标价下降了 5.6%，降至 53.21 美元，这表明分析师们还有其他担忧，而改善的每股收益前景并不足以消除这些担忧。共识目标价只是各个分析师目标的平均值，因此，查看基础估计的范围可能会很有帮助。目前，最乐观的分析师将 On Holding 的每股价值评估为 85.99 美元，而最悲观的分析师则将其定价为 23.95 美元。由于目标价范围如此广泛，分析师们几乎肯定是在押注于基础业务的广泛不同结果。因此，基于共识目标价做出决策可能不是一个好主意，毕竟这只是这一广泛估计范围的平均值。</p>
<p>获取这些预测更多背景的一种方法是查看它们与过去表现的比较，以及同一行业中其他公司的表现。我们要强调的是，On Holding 的收入增长预计将放缓，预计到 2026 年底的年化增长率为 19%，远低于过去五年 32% 的历史年增长率。与行业内其他有分析师覆盖的公司相比，后者预计将以每年 5.3% 的速度增长收入。即使在预测的增长放缓之后，显然 On Holding 的增长速度仍然预计会快于更广泛的行业。</p>
<h2>结论</h2>
<p>这里最重要的是，分析师们上调了他们的每股收益预测，这表明在这些结果发布后，对 On Holding 的乐观情绪明显增加。幸运的是，他们也重新确认了收入数字，表明其与预期一致。此外，我们的数据表明，收入预计将比更广泛的行业增长得更快。共识目标价显著下降，分析师们似乎对最新的结果并不感到安慰，导致对 On Holding 未来估值的预期降低。</p>
<p>考虑到这一点，我们仍然认为，企业的长期发展轨迹对投资者来说更为重要。我们有来自多位 On Holding 分析师的预测，直到 2028 年，您可以在我们的平台上免费查看这些预测。</p>
<p>另一个需要考虑的因素是管理层和董事最近是否有买入或卖出股票。我们在平台上提供了过去 12 个月所有公开市场股票交易的概述，您可以在这里查看。</p>

昂跑

<p>On Holding AG（纽约证券交易所代码：ONON）公布了季度业绩，每股收益为 CHF0.31，超出预期 40%，导致股价上涨 3.3%，达到 36.84 美元。分析师预测 2026 年收入为 CHF35.5 亿，增长 14%，每股收益为 CHF1.21，增长 60%。尽管盈利前景乐观，平均目标价却下降了 5.6%，降至 53.21 美元，显示出分析师的某些担忧。预计收入增长将比历史水平放缓，但仍将超过行业平均水平</p>

<p>It's been a good week for <strong>On Holding AG</strong> (NYSE:ONON) shareholders, because the company has just released its latest quarterly results, and the shares gained 3.3% to US$36.84. Revenues were CHF832m, approximately in line with whatthe analysts expected, although statutory earnings per share (EPS) crushed expectations, coming in at CHF0.31, an impressive 40% ahead of estimates. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results.</p>
<div class="lb-trans"><p>对于 <strong>On Holding AG</strong> (NYSE:ONON) 的股东来说，这一周过得不错，因为公司刚刚发布了最新的季度财报，股价上涨了 3.3%，达到了 36.84 美元。收入为 8.32 亿瑞士法郎，基本符合分析师的预期，尽管法定每股收益（EPS）大幅超出预期，达到了 0.31 瑞士法郎，令人印象深刻，比预期高出 40%。分析师通常会在每次财报发布时更新他们的预测，我们可以根据他们的估计判断他们对公司的看法是否发生了变化，或者是否有新的关注点需要注意。我们收集了最新的法定预测，以查看分析师在这些结果发布后是否改变了他们的盈利模型。</p>
</div><p>This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.</p>
<div class="lb-trans"><p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
</div><p>After the latest results, the 26 analysts covering On Holding are now predicting revenues of CHF3.55b in 2026. If met, this would reflect a solid 14% improvement in revenue compared to the last 12 months. Per-share earnings are expected to surge 60% to CHF1.21. Before this earnings report, the analysts had been forecasting revenues of CHF3.54b and earnings per share (EPS) of CHF1.12 in 2026. So the consensus seems to have become somewhat more optimistic on On Holding's earnings potential following these results.</p>
<div class="lb-trans"><p>在最新的财报发布后，覆盖 On Holding 的 26 位分析师现在预测 2026 年的收入为 35.5 亿瑞士法郎。如果实现，这将比过去 12 个月的收入增长 14%。每股收益预计将激增 60%，达到 1.21 瑞士法郎。在这份财报发布之前，分析师预测 2026 年的收入为 34.54 亿瑞士法郎，每股收益（EPS）为 1.12 瑞士法郎。因此，似乎在这些结果发布后，市场共识对 On Holding 的盈利潜力变得更加乐观。</p>
</div><p>Check out our latest analysis for On Holding</p>
<div class="lb-trans"><p>查看我们对 On Holding 的最新分析</p>
</div><p>The average the analysts price target fell 5.6% to US$53.21, suggesting thatthe analysts have other concerns, and the improved earnings per share outlook was not enough to allay them. The consensus price target is just an average of individual analyst targets, so - it could be handy to see how wide the range of underlying estimates is. Currently, the most bullish analyst values On Holding at US$85.99 per share, while the most bearish prices it at US$23.95. With such a wide range in price targets, analysts are almost certainly betting on widely divergent outcomes in the underlying business. As a result it might not be a great idea to make decisions based on the consensus price target, which is after all just an average of this wide range of estimates.</p>
<div class="lb-trans"><p>分析师的平均目标价下降了 5.6%，降至 53.21 美元，这表明分析师们还有其他担忧，而改善的每股收益前景并不足以消除这些担忧。共识目标价只是各个分析师目标的平均值，因此，查看基础估计的范围可能会很有帮助。目前，最乐观的分析师将 On Holding 的每股价值评估为 85.99 美元，而最悲观的分析师则将其定价为 23.95 美元。由于目标价范围如此广泛，分析师们几乎肯定是在押注于基础业务的广泛不同结果。因此，基于共识目标价做出决策可能不是一个好主意，毕竟这只是这一广泛估计范围的平均值。</p>
</div><p>One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. We would highlight that On Holding's revenue growth is expected to slow, with the forecast 19% annualised growth rate until the end of 2026 being well below the historical 32% p.a. growth over the last five years. Juxtapose this against the other companies in the industry with analyst coverage, which are forecast to grow their revenues (in aggregate) 5.3% per year. Even after the forecast slowdown in growth, it seems obvious that On Holding is also expected to grow faster than the wider industry.</p>
<div class="lb-trans"><p>获取这些预测更多背景的一种方法是查看它们与过去表现的比较，以及同一行业中其他公司的表现。我们要强调的是，On Holding 的收入增长预计将放缓，预计到 2026 年底的年化增长率为 19%，远低于过去五年 32% 的历史年增长率。与行业内其他有分析师覆盖的公司相比，后者预计将以每年 5.3% 的速度增长收入。即使在预测的增长放缓之后，显然 On Holding 的增长速度仍然预计会快于更广泛的行业。</p>
</div><h2>The Bottom Line</h2>
<div class="lb-trans"><h2>结论</h2>
</div><p>The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards On Holding following these results. Fortunately, they also reconfirmed their revenue numbers, suggesting that it's tracking in line with expectations. Additionally, our data suggests that revenue is expected to grow faster than the wider industry. The consensus price target fell measurably, with the analysts seemingly not reassured by the latest results, leading to a lower estimate of On Holding's future valuation.</p>
<div class="lb-trans"><p>这里最重要的是，分析师们上调了他们的每股收益预测，这表明在这些结果发布后，对 On Holding 的乐观情绪明显增加。幸运的是，他们也重新确认了收入数字，表明其与预期一致。此外，我们的数据表明，收入预计将比更广泛的行业增长得更快。共识目标价显著下降，分析师们似乎对最新的结果并不感到安慰，导致对 On Holding 未来估值的预期降低。</p>
</div><p>Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple On Holding analysts - going out to 2028, and you can see them free on our platform here.</p>
<div class="lb-trans"><p>考虑到这一点，我们仍然认为，企业的长期发展轨迹对投资者来说更为重要。我们有来自多位 On Holding 分析师的预测，直到 2028 年，您可以在我们的平台上免费查看这些预测。</p>
</div><p>Another thing to consider is whether management and directors have been buying or selling stock recently. We provide an overview of all open market stock trades for the last twelve months on our platform, here.</p>
<div class="lb-trans"><p>另一个需要考虑的因素是管理层和董事最近是否有买入或卖出股票。我们在平台上提供了过去 12 个月所有公开市场股票交易的概述，您可以在这里查看。</p>
</div>

昂跑的每股收益超出预期 40%：分析师预测接下来会发生什么