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

Oddity Tech (NASDAQ:ODD) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.850-1.870 for the period, compared to the consensus estimate of 1.760. The company issued revenue guidance of $642.0 million-$644.0 million, compared to the consensus revenue estimate of $638.5 million. Oddity Tech also updated its Q4 guidance to $0.11-0.13 EPS.

Wall Street Analyst Weigh In

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

Oddity Tech Trading Up 2.6 %

NASDAQ:ODD traded up $1.11 during trading hours on Wednesday, hitting $43.44. 746,528 shares of the stock traded hands, compared to its average volume of 670,283. The firm has a 50 day moving average price of $37.99 and a 200 day moving average price of $38.42. Oddity Tech has a fifty-two week low of $27.52 and a fifty-two week high of $50.36. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 1.37 and a beta of 4.40.

Oddity Tech (NASDAQ:ODD) last announced its earnings results 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. Oddity Tech had a net margin of 14.66% and a return on equity of 26.66%. The company had revenue of $192.77 million for the quarter, compared to the consensus estimate of $188.49 million. During the same period in the previous year, the business earned $0.52 EPS. The company’s revenue was up 27.4% on a year-over-year basis. Research analysts predict that Oddity Tech will post 1.46 EPS for the current year.

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.