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 (EPS) guidance of $0.11-0.13 for the period, compared to the consensus 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.

Oddity Tech Stock Performance

Shares of ODD traded up $3.83 during trading hours on Friday, reaching $45.94. The stock had a trading volume of 660,508 shares, compared to its average volume of 230,469. The stock has a market capitalization of $2.61 billion, a PE ratio of 28.01, a PEG ratio of 1.49 and a beta of 4.40. Oddity Tech has a 12 month low of $27.52 and a 12 month high of $50.36. The company’s 50-day moving average is $38.43 and its two-hundred day moving average is $38.57.

Oddity Tech (NASDAQ:ODD) last released its quarterly 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. Oddity Tech had a net margin of 16.32% and a return on equity of 29.70%. The firm 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 company’s revenue for the quarter was up 27.4% on a year-over-year basis. Equities analysts anticipate that Oddity Tech will post 1.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.