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

Oddity Tech (NASDAQ:ODD) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.850-1.870 for the period, compared to the consensus EPS 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.

Oddity Tech Stock Up 2.6 %

Shares of Oddity Tech stock traded up $1.11 on Wednesday, hitting $43.44. 746,528 shares of the company traded hands, compared to its average volume of 670,283. The company has a 50-day moving average price of $37.99 and a 200 day moving average price of $38.42. Oddity Tech has a 12-month low of $27.52 and a 12-month high of $50.36. The company has a market cap of $2.47 billion, a PE ratio of 31.15, a PEG ratio of 1.37 and a beta of 4.40.

Oddity Tech (NASDAQ:ODD) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.82 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 business had revenue of $192.77 million for the quarter, compared to analysts’ expectations of $188.49 million. During the same period in the previous year, the company posted $0.52 EPS. Oddity Tech’s revenue was up 27.4% on a year-over-year basis. Equities research analysts anticipate that Oddity Tech will post 1.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Barclays decreased their price objective on shares of Oddity Tech from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average 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.