Oddity Tech (NASDAQ:ODD) Issues Q4 Earnings Guidance

Oddity Tech (NASDAQ:ODD) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.11-0.13 for the period, compared to the consensus earnings per share 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.

Wall Street Analyst Weigh In

Separately, Barclays cut their price target on shares of Oddity Tech from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, August 9th. Two investment 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, Oddity Tech currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.83.

Oddity Tech Stock Performance

NASDAQ:ODD traded up $3.83 on Friday, reaching $45.94. The company’s stock had a trading volume of 660,508 shares, compared to its average volume of 230,469. Oddity Tech has a 1-year low of $27.52 and a 1-year high of $50.36. The business’s 50-day moving average price is $38.43 and its two-hundred day moving average price is $38.57. The firm has a market cap of $2.61 billion, a PE ratio of 28.01, a PEG ratio of 1.49 and a beta of 4.40.

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

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.