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 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.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Oddity Tech has an average rating of “Moderate Buy” and an average price target of $52.83.

Oddity Tech Price Performance

Shares of ODD traded up $3.83 during mid-day trading on Friday, hitting $45.94. 660,508 shares of the company’s stock were exchanged, compared to its average volume of 230,469. Oddity Tech has a 52 week low of $27.52 and a 52 week high of $50.36. The company has a market cap of $2.61 billion, a PE ratio of 28.01, a P/E/G ratio of 1.49 and a beta of 4.40. The company has a 50-day simple moving average of $38.43 and a 200 day simple moving average of $38.61.

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 analysts’ consensus estimates of $0.58 by $0.24. Oddity Tech had a net margin of 16.32% and a return on equity of 29.70%. The business had revenue of $192.77 million during the quarter, compared to the consensus estimate 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. On average, 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.