Oddity Tech (NASDAQ:ODD) Releases Q4 Earnings Guidance

Oddity Tech (NASDAQ:ODD) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.11-0.13 for the period, compared to the consensus EPS 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 lowered their price target on 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 issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $52.83.

Oddity Tech Stock Up 9.1 %

Shares of ODD traded up $3.83 during trading hours on Friday, hitting $45.94. The company had a trading volume of 660,508 shares, compared to its average volume of 230,469. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.49 and a beta of 4.40. The business has a fifty day moving average of $38.43 and a 200-day moving average of $38.57. Oddity Tech has a 12 month low of $27.52 and a 12 month high of $50.36.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.24. Oddity Tech had a net margin of 16.32% and a return on equity of 29.70%. The firm had revenue of $192.77 million for the quarter, compared to analysts’ expectations of $188.49 million. During the same period in the prior year, the firm earned $0.52 EPS. The business’s revenue was up 27.4% on a year-over-year basis. On average, equities analysts expect that Oddity Tech will post 1.46 EPS for the current fiscal 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.