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

Oddity Tech (NASDAQ:ODD) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.710-1.760 for the period, compared to the consensus estimate of 1.400. The company issued revenue guidance of $633.0 million-$640.0 million, compared to the consensus revenue estimate of $634.7 million. Oddity Tech also updated its FY24 guidance to $1.71-1.76 EPS.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ODD. Barclays reduced their target price on Oddity Tech from $42.00 to $40.00 and set an equal weight rating for the company in a report on Friday, July 19th. Truist Financial restated a buy rating and issued a $58.00 price objective on shares of Oddity Tech in a research note on Friday, June 7th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus target price of $53.50.

Oddity Tech Price Performance

Shares of ODD traded down $0.43 during midday trading on Wednesday, hitting $40.70. 1,130,955 shares of the company traded hands, compared to its average volume of 804,524. Oddity Tech has a one year low of $24.12 and a one year high of $55.20. The firm has a market cap of $2.31 billion and a P/E ratio of 33.92. The stock has a 50-day moving average of $39.87 and a 200-day moving average of $39.92.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.12. Oddity Tech had a net margin of 12.97% and a return on equity of 26.10%. The firm had revenue of $211.63 million during the quarter, compared to analyst estimates of $205.55 million. Sell-side analysts forecast that Oddity Tech will post 1.34 EPS for the current fiscal 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.