Oddity Tech (NASDAQ:ODD) Issues FY24 Earnings Guidance

Oddity Tech (NASDAQ:ODD) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.57-1.62 for the period, compared to the consensus estimate of $1.41. The company issued revenue guidance of $626-635 million, compared to the consensus revenue estimate of $626.62 million. Oddity Tech also updated its Q2 guidance to $0.61-0.64 EPS.

Oddity Tech Trading Down 4.4 %

NASDAQ ODD traded down $1.67 during midday trading on Friday, hitting $36.34. The company had a trading volume of 418,848 shares, compared to its average volume of 869,807. The firm has a 50-day moving average price of $38.87 and a 200-day moving average price of $38.87. The company has a market capitalization of $2.07 billion and a PE ratio of 31.68. Oddity Tech has a twelve month low of $24.12 and a twelve month high of $56.00.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on ODD shares. Evercore ISI began coverage on shares of Oddity Tech in a research report on Thursday, April 4th. They set an outperform rating and a $57.00 price objective for the company. Barclays decreased 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. JMP Securities restated a market outperform rating and issued a $66.00 price target on shares of Oddity Tech in a research note on Thursday, March 7th. Morgan Stanley upped their price objective on shares of Oddity Tech from $35.00 to $47.00 and gave the stock an equal weight rating in a research report on Thursday, March 7th. Finally, 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 note on Thursday, March 7th. Three 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 has a consensus 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.