What's ONON earnings estimate and backtest the impact of earnings release on it price

On Holding AG (ONON) is expected to report earnings per share (EPS) of approximately $0.19 for the fiscal quarter ending Q3 2024, with an estimated revenue of $718.84 million.

The impact of the earnings release on the stock price is typically positive, as indicated by the strong performance and record net sales reported during the Q3 2024 earnings call. However, the actual price movement also depends on market conditions, investor sentiment, and other company-specific factors.**

1. Historical Price Movement: Analyzing the historical impact of earnings releases on ONON's stock price can provide insights into investor behavior. If past earnings releases have consistently led to a positive price reaction, it may suggest that investors have high expectations and confidence in the company's performance.
2. Market Sentiment: The overall market sentiment and investor optimism about ONON's future prospects can influence the stock price following earnings releases. If investors are optimistic about the company's growth prospects and operational improvements, the stock may experience increased demand and price appreciation.
3. Company Performance: The significant increase in gross profit margin to 60.6% and the achievement of an all-time record quarter for both net sales and profitability highlight ONON's strong financial performance. These factors are likely to have a positive impact on the stock price, as they indicate a healthy business model and the company's ability to generate profits.
4. Regional Growth: The significant growth in the APAC region, particularly in Japan and China, with over 85% growth on a constant currency basis in the first nine months, suggests a strong international presence and potential for future expansion. This regional growth could positively influence investor sentiment and contribute to a positive price reaction after earnings releases.

In conclusion, while the expected EPS and revenue estimates provide a baseline for understanding ONON's financial performance, the actual impact of the earnings release on the stock price will depend on a combination of factors, including historical price movement, market sentiment, company performance, and regional growth. Investors should consider these elements when assessing the potential impact of future earnings releases on the stock price.