Oddity Tech (NASDAQ:ODD) Issues FY24 Earnings Guidance

Oddity Tech (NASDAQ:ODD) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $1.71-1.76 for the period, compared to the consensus EPS estimate of $1.52. The company issued revenue guidance of $633-640 million, compared to the consensus revenue estimate of $634.39 million. Oddity Tech also updated its Q3 guidance to $0.21-0.23 EPS.

Oddity Tech Stock Down 1.0 %

Shares of ODD traded down $0.43 during midday trading on Wednesday, reaching $40.70. 1,130,955 shares of the stock were exchanged, compared to its average volume of 804,524. Oddity Tech has a twelve month low of $24.12 and a twelve month high of $55.20. The company has a market cap of $2.31 billion and a P/E ratio of 33.92. The stock’s 50 day simple moving average is $39.87 and its 200 day simple moving average is $39.92.

Oddity Tech (NASDAQ:ODD) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.12. Oddity Tech had a return on equity of 26.10% and a net margin of 12.97%. The company had revenue of $211.63 million for the quarter, compared to analysts’ expectations of $205.55 million. As a group, analysts predict that Oddity Tech will post 1.34 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on ODD. Barclays decreased their price target on Oddity Tech from $42.00 to $40.00 and set an equal weight rating on the stock in a research report on Friday, July 19th. Truist Financial reiterated a buy rating and issued a $58.00 target price on shares of Oddity Tech in a research report on Friday, June 7th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Oddity Tech has a consensus rating of Moderate Buy and an average target price of $53.50.

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.