Oddity Tech (NASDAQ:ODD) Issues Q4 2024 Earnings Guidance

Oddity Tech (NASDAQ:ODD) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.110-0.130 for the period, compared to the consensus EPS estimate of 0.130. The company issued revenue guidance of $118.0 million-$120.0 million, compared to the consensus revenue estimate of $118.0 million. Oddity Tech also updated its FY 2024 guidance to 1.850-1.870 EPS.

Analyst Ratings Changes

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 report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $52.83.

Oddity Tech Stock Up 9.1 %

ODD traded up $3.83 during trading hours on Friday, hitting $45.94. The stock had a trading volume of 660,508 shares, compared to its average volume of 230,469. The stock has a market cap of $2.61 billion, a PE ratio of 28.01, a price-to-earnings-growth ratio of 1.49 and a beta of 4.40. Oddity Tech has a 1 year low of $27.52 and a 1 year high of $50.36. The company’s fifty day simple moving average is $38.43 and its 200 day simple moving average is $38.61.

Oddity Tech (NASDAQ:ODD) last posted its quarterly 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. The company had revenue of $192.77 million for the quarter, compared to analyst estimates of $188.49 million. Oddity Tech had a net margin of 16.32% and a return on equity of 29.70%. The company’s quarterly revenue was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share. As a group, equities analysts expect 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.