Oddity Tech (NASDAQ:ODD) Releases FY 2024 Earnings Guidance

Oddity Tech (NASDAQ:ODD) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 1.850-1.870 for the period, compared to the consensus EPS estimate of 1.760. The company issued revenue guidance of $642.0 million-$644.0 million, compared to the consensus revenue estimate of $638.5 million. Oddity Tech also updated its Q4 guidance to $0.11-0.13 EPS.

Oddity Tech Stock Up 9.1 %

NASDAQ ODD traded up $3.83 on Friday, reaching $45.94. The company had a trading volume of 660,508 shares, compared to its average volume of 230,469. The company’s fifty day moving average is $38.43 and its 200 day moving average is $38.61. Oddity Tech has a 52-week low of $27.52 and a 52-week high of $50.36. The stock has a market capitalization of $2.61 billion, a P/E ratio of 28.01, a P/E/G ratio of 1.49 and a beta of 4.40.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.24. The company had revenue of $192.77 million for the quarter, compared to analyst estimates of $188.49 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.70%. The firm’s revenue was up 27.4% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. On average, research analysts expect that Oddity Tech will post 1.46 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Barclays decreased their price target on Oddity Tech from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Oddity Tech presently has a consensus rating of “Moderate Buy” and an average price target of $52.83.

Oddity Tech Company Profile

Oddity Tech Ltd. operates as a consumer tech company that builds digital-first brands for the beauty and wellness industries in the United States and internationally. It serves consumers worldwide through its AI-driven online platform, which uses data science, machine learning, and computer vision capabilities to identify consumer needs, and develop solutions in the form of beauty and wellness products.