Oddity Tech (NASDAQ:ODD) Issues Q4 Earnings Guidance

Oddity Tech (NASDAQ:ODD) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.11-0.13 for the period, compared to the consensus EPS estimate of $0.09. The company issued revenue guidance of $118-120 million, compared to the consensus revenue estimate of $118.02 million. Oddity Tech also updated its FY 2024 guidance to 1.850-1.870 EPS.

Oddity Tech Stock Up 9.1 %

Shares of ODD stock traded up $3.83 during mid-day trading on Friday, reaching $45.94. The stock had a trading volume of 660,508 shares, compared to its average volume of 230,469. Oddity Tech has a one year low of $27.52 and a one year high of $50.36. The firm has a market cap 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 simple moving average is $38.43 and its 200 day simple moving average is $38.57.

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

Analyst Ratings Changes

Separately, Barclays dropped their target price on shares of Oddity Tech from $40.00 to $39.00 and set an “equal weight” rating for the company in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $52.83.

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.