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

Oddity Tech (NASDAQ:ODD) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 1.570-1.620 for the period, compared to the consensus EPS estimate of 1.510. The company issued revenue guidance of $626.0 million-$635.0 million, compared to the consensus revenue estimate of $627.1 million. Oddity Tech also updated its Q2 2024 guidance to 0.610-0.640 EPS.

Oddity Tech Stock Performance

Shares of ODD traded up $1.52 during mid-day trading on Thursday, reaching $38.01. The stock had a trading volume of 1,036,438 shares, compared to its average volume of 875,187. The business has a fifty day moving average of $38.95 and a 200 day moving average of $38.87. Oddity Tech has a 12 month low of $24.12 and a 12 month high of $56.00. The firm has a market cap of $2.16 billion and a price-to-earnings ratio of 37.27.

Oddity Tech (NASDAQ:ODD) last announced its quarterly earnings results on Tuesday, March 5th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $97.25 million during the quarter, compared to the consensus estimate of $86.38 million. Oddity Tech had a net margin of 11.51% and a return on equity of 26.22%. On average, research analysts forecast that Oddity Tech will post 1.22 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on ODD shares. Morgan Stanley lifted 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 note on Thursday, March 7th. Barclays dropped their price objective on shares of Oddity Tech from $46.00 to $44.00 and set an equal weight rating on the stock in a report on Friday, April 12th. Bank of America upped their price target on shares of Oddity Tech from $44.00 to $50.00 and gave the company a buy rating in a report on Thursday, March 7th. JMP Securities restated a market outperform rating and set a $66.00 price target on shares of Oddity Tech in a research report on Thursday, March 7th. Finally, Evercore ISI started coverage on Oddity Tech in a research note on Thursday, April 4th. They issued an outperform rating and a $57.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Oddity Tech presently 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.