Oddity Tech (NASDAQ:ODD) Releases Q4 2024 Earnings Guidance

Oddity Tech (NASDAQ:ODD) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.110-0.130 for the period, compared to the consensus earnings per share estimate of 0.130. The company issued revenue guidance of $118.0 million-$120.0 million, compared to the consensus revenue estimate of $118.0 million. Oddity Tech also updated its FY 2024 guidance to 1.850-1.870 EPS.

Oddity Tech Stock Performance

Shares of NASDAQ:ODD traded up $3.83 on Friday, hitting $45.94. 660,508 shares of the company’s stock were exchanged, compared to its average volume of 230,469. Oddity Tech has a 1-year low of $27.52 and a 1-year high of $50.36. The company has a market capitalization of $2.61 billion, a PE ratio of 28.01, a P/E/G ratio of 1.49 and a beta of 4.40. The firm’s 50-day moving average is $38.43 and its 200 day moving average is $38.57.

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

Wall Street Analyst Weigh In

Separately, Barclays decreased their target price 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.