Oddity Tech (NASDAQ:ODD) Issues FY24 Earnings Guidance

Oddity Tech (NASDAQ:ODD) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.57-1.62 for the period, compared to the consensus earnings per share estimate of $1.41. The company issued revenue guidance of $626-635 million, compared to the consensus revenue estimate of $626.62 million. Oddity Tech also updated its Q2 guidance to $0.61-0.64 EPS.

Oddity Tech Stock Performance

Shares of NASDAQ ODD traded up $5.23 during mid-day trading on Wednesday, hitting $36.49. The stock had a trading volume of 2,560,473 shares, compared to its average volume of 873,354. The business has a 50 day moving average price of $39.04 and a two-hundred day moving average price of $38.89. Oddity Tech has a 1 year low of $24.12 and a 1 year high of $56.00. The firm has a market cap of $2.08 billion and a P/E ratio of 35.77.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings data on Tuesday, March 5th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The firm had revenue of $97.25 million for the quarter, compared to analysts’ expectations of $86.38 million. Oddity Tech had a net margin of 11.51% and a return on equity of 26.22%. Equities research analysts predict that Oddity Tech will post 1.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on ODD. Barclays decreased their target price on Oddity Tech from $46.00 to $44.00 and set an equal weight rating for the company in a report on Friday, April 12th. Bank of America upped their price objective on shares of Oddity Tech from $44.00 to $50.00 and gave the stock a buy rating in a report on Thursday, March 7th. Morgan Stanley raised their target price on shares of Oddity Tech from $35.00 to $47.00 and gave the stock an equal weight rating in a research report on Thursday, March 7th. Evercore ISI started coverage on shares of Oddity Tech in a research note on Thursday, April 4th. They issued an outperform rating and a $57.00 price target for the company. Finally, JMP Securities restated a market outperform rating and issued a $66.00 price objective on shares of Oddity Tech in a report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $53.63.

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.