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

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

Analyst Upgrades and Downgrades

Separately, Barclays lowered 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, Oddity Tech has a consensus rating of “Moderate Buy” and an average price target of $52.83.

Oddity Tech Stock Up 9.1 %

NASDAQ:ODD traded up $3.83 during trading hours on Friday, hitting $45.94. 660,508 shares of the stock were exchanged, compared to its average volume of 230,469. The company has a market capitalization 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. The company’s 50 day moving average is $38.43 and its two-hundred day moving average is $38.61. Oddity Tech has a twelve month low of $27.52 and a twelve month high of $50.36.

Oddity Tech (NASDAQ:ODD) last issued its earnings results on Wednesday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. The company’s revenue for the quarter was up 27.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. On average, equities research analysts expect 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.