Oddity Tech (NASDAQ:ODD) Releases 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 (EPS) guidance of 0.110-0.130 for the period, compared to the consensus 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.

Wall Street Analyst Weigh In

Separately, Barclays dropped their price target on Oddity Tech from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.83.

Oddity Tech Price Performance

Oddity Tech stock traded up $1.11 during mid-day trading on Wednesday, hitting $43.44. 746,528 shares of the company were exchanged, compared to its average volume of 670,283. The business’s 50 day simple moving average is $37.99 and its two-hundred day simple moving average is $38.42. The company has a market capitalization of $2.47 billion, a P/E ratio of 31.15, a PEG ratio of 1.37 and a beta of 4.40. Oddity Tech has a 12-month low of $27.52 and a 12-month high of $50.36.

Oddity Tech (NASDAQ:ODD) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.24. Oddity Tech had a return on equity of 26.66% and a net margin of 14.66%. The business 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 business’s revenue was up 27.4% on a year-over-year basis. Equities research analysts predict that Oddity Tech will post 1.46 earnings per share 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.