Oddity Tech (NASDAQ:ODD) Updates Q4 Earnings Guidance

Oddity Tech (NASDAQ:ODD) issued an update on its fourth quarter earnings guidance on Wednesday morning. 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.

Analyst Ratings Changes

Separately, Barclays lowered 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 research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Oddity Tech currently has an average rating of “Moderate Buy” and a consensus target price of $52.83.

Oddity Tech Stock Performance

ODD traded up $3.83 during trading on Friday, reaching $45.94. 660,508 shares of the stock were exchanged, compared to its average volume of 230,469. The stock’s 50 day moving average price is $38.43 and its two-hundred day moving average price is $38.57. Oddity Tech has a twelve month low of $27.52 and a twelve month high of $50.36. The stock has a market cap of $2.61 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 1.49 and a beta of 4.40.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.82 earnings per share for the quarter, topping 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 company had revenue of $192.77 million for the quarter, compared to analyst estimates of $188.49 million. During the same period in the previous year, the business earned $0.52 EPS. Oddity Tech’s revenue for the quarter was up 27.4% compared to the same quarter last year. Equities research analysts predict that Oddity Tech will post 1.46 earnings per share for the current fiscal 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.