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

Oddity Tech (NASDAQ:ODD) issued an update on its fourth quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.110-0.130 for the period, compared to the consensus earnings per share 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.

Oddity Tech Stock Performance

Oddity Tech stock traded up $1.11 during midday trading on Wednesday, reaching $43.44. The stock had a trading volume of 746,528 shares, compared to its average volume of 670,283. Oddity Tech has a twelve month low of $27.52 and a twelve month high of $50.36. The stock has a market capitalization of $2.47 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 1.37 and a beta of 4.40. The stock’s 50-day simple moving average is $37.99 and its 200 day simple moving average is $38.42.

Oddity Tech (NASDAQ:ODD) last issued its earnings results on Wednesday, August 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.24. Oddity Tech had a return on equity of 26.66% and a net margin of 14.66%. The firm had revenue of $192.77 million for the quarter, compared to analysts’ expectations of $188.49 million. During the same quarter last year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was up 27.4% compared to the same quarter last year. Equities analysts predict that Oddity Tech will post 1.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barclays cut their price objective 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 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 currently has an average rating of “Moderate Buy” and a consensus target price of $52.83.

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.