Oddity Tech (NASDAQ:ODD) Issues Q2 Earnings Guidance

Oddity Tech (NASDAQ:ODD) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.61-0.64 for the period, compared to the consensus earnings per share estimate of $0.55. The company issued revenue guidance of $185-189 million, compared to the consensus revenue estimate of $186.43 million. Oddity Tech also updated its FY24 guidance to $1.57-1.62 EPS.

Oddity Tech Price Performance

NASDAQ ODD traded up $5.23 during trading hours on Wednesday, hitting $36.49. The company had a trading volume of 2,560,473 shares, compared to its average volume of 873,354. The firm’s 50 day moving average is $39.04 and its 200 day moving average is $38.89. Oddity Tech has a fifty-two week low of $24.12 and a fifty-two week high of $56.00. The company has a market capitalization of $2.08 billion and a price-to-earnings ratio of 35.77.

Oddity Tech (NASDAQ:ODD) last posted its earnings results on Tuesday, March 5th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $97.25 million during the quarter, compared to analyst estimates of $86.38 million. Oddity Tech had a return on equity of 26.22% and a net margin of 11.51%. On average, equities analysts anticipate that Oddity Tech will post 1.22 EPS for the current year.

Analyst Upgrades and Downgrades

ODD has been the subject of a number of recent analyst reports. Barclays lowered their price target on shares of Oddity Tech from $46.00 to $44.00 and set an equal weight rating for the company in a report on Friday, April 12th. Evercore ISI started coverage on Oddity Tech in a research note on Thursday, April 4th. They set an outperform rating and a $57.00 price objective for the company. JMP Securities reiterated a market outperform rating and set a $66.00 target price on shares of Oddity Tech in a research note on Thursday, March 7th. Morgan Stanley lifted their price target on shares of Oddity Tech from $35.00 to $47.00 and gave the stock an equal weight rating in a research note on Thursday, March 7th. Finally, Bank of America boosted their target price on shares of Oddity Tech from $44.00 to $50.00 and gave the stock a buy rating in a research report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Oddity Tech has an average rating of Moderate Buy and a consensus price target 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.