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 earnings per share 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 target price on shares of 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 assigned a buy rating to the stock. According to data from MarketBeat, Oddity Tech has an average rating of “Moderate Buy” and a consensus target price of $52.83.

Oddity Tech Trading Up 9.1 %

NASDAQ:ODD traded up $3.83 during mid-day trading on Friday, hitting $45.94. The company had a trading volume of 660,508 shares, compared to its average volume of 230,469. The business has a fifty day simple moving average of $38.43 and a 200-day simple moving average of $38.57. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 28.01, a PEG ratio of 1.49 and a beta of 4.40. Oddity Tech has a 1 year low of $27.52 and a 1 year high of $50.36.

Oddity Tech (NASDAQ:ODD) last released its 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. The firm had revenue of $192.77 million during 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%. The firm’s revenue for the quarter was up 27.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 earnings per share. As a group, research analysts anticipate 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.