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

Oddity Tech (NASDAQ:ODD) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.570-1.620 for the period, compared to the consensus EPS estimate of 1.510. The company issued revenue guidance of $626.0 million-$635.0 million, compared to the consensus revenue estimate of $627.1 million. Oddity Tech also updated its Q2 2024 guidance to 0.610-0.640 EPS.

Oddity Tech Trading Down 3.2 %

ODD opened at $31.26 on Wednesday. Oddity Tech has a 12-month low of $24.12 and a 12-month high of $56.00. The business’s fifty day simple moving average is $39.04 and its 200-day simple moving average is $38.89. The company has a market capitalization of $1.78 billion and a price-to-earnings ratio of 30.65.

Oddity Tech (NASDAQ:ODD) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. Oddity Tech had a return on equity of 26.22% and a net margin of 11.51%. The company had revenue of $97.25 million for the quarter, compared to the consensus estimate of $86.38 million. On average, equities research analysts predict that Oddity Tech will post 1.22 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on ODD shares. Morgan Stanley raised their price target on Oddity Tech from $35.00 to $47.00 and gave the stock an equal weight rating in a report on Thursday, March 7th. Barclays lowered their price target on Oddity Tech from $46.00 to $44.00 and set an equal weight rating for the company in a report on Friday, April 12th. Bank of America raised their price target on Oddity Tech from $44.00 to $50.00 and gave the stock a buy rating in a report on Thursday, March 7th. Evercore ISI began coverage on Oddity Tech in a report on Thursday, April 4th. They issued an outperform rating and a $57.00 price target for the company. Finally, JMP Securities reaffirmed a market outperform rating and set a $66.00 target price on shares of Oddity Tech in a report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average price target of $53.63.

About Oddity Tech

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.