Oddity Tech (NASDAQ:ODD) Releases Q4 Earnings Guidance

Oddity Tech (NASDAQ:ODD) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.11-0.13 for the period, compared to the consensus 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 decreased their target price 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Oddity Tech presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.83.

Oddity Tech Price Performance

Shares of NASDAQ:ODD traded up $3.83 during trading on Friday, reaching $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 capitalization of $2.61 billion, a PE ratio of 28.01, a P/E/G ratio of 1.49 and a beta of 4.40. Oddity Tech has a 52 week low of $27.52 and a 52 week high of $50.36. The business’s 50-day moving average price is $38.43 and its 200 day moving average price is $38.57.

Oddity Tech (NASDAQ:ODD) last announced its earnings results on Wednesday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. Oddity Tech’s quarterly revenue was up 27.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 earnings per share. Analysts forecast that Oddity Tech will post 1.46 EPS for the current 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.