Oddity Tech (NASDAQ:ODD) Issues Q2 2024 Earnings Guidance

Oddity Tech (NASDAQ:ODD) updated its second quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.610-0.640 for the period, compared to the consensus EPS estimate of 0.560. The company issued revenue guidance of $185.0 million-$189.0 million, compared to the consensus revenue estimate of $186.5 million. Oddity Tech also updated its FY 2024 guidance to 1.570-1.620 EPS.

Oddity Tech Price Performance

Shares of ODD stock opened at $31.26 on Wednesday. The company has a market capitalization of $1.78 billion and a P/E ratio of 30.65. The company’s 50-day simple moving average is $39.04 and its two-hundred day simple moving average is $38.89. Oddity Tech has a one year low of $24.12 and a one year high of $56.00.

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

Analysts Set New Price Targets

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

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.