Oddity Tech (NASDAQ:ODD) Updates FY24 Earnings Guidance

Oddity Tech (NASDAQ:ODD) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.57-1.62 for the period, compared to the consensus 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 Trading Up 4.2 %

ODD stock traded up $1.52 during mid-day trading on Thursday, hitting $38.01. The stock had a trading volume of 1,036,438 shares, compared to its average volume of 875,187. The stock has a market capitalization of $2.16 billion and a price-to-earnings ratio of 37.27. Oddity Tech has a 1-year low of $24.12 and a 1-year high of $56.00. The company has a fifty day moving average of $38.95 and a 200 day moving average of $38.87.

Oddity Tech (NASDAQ:ODD) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $97.25 million for the quarter, compared to analyst estimates of $86.38 million. Oddity Tech had a net margin of 11.51% and a return on equity of 26.22%. As a group, sell-side analysts expect that Oddity Tech will post 1.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ODD. JMP Securities reissued a market outperform rating and issued a $66.00 price objective on shares of Oddity Tech in a research note on Thursday, March 7th. 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. Barclays dropped their target price on shares of Oddity Tech from $46.00 to $44.00 and set an equal weight rating on the stock in a report on Friday, April 12th. Evercore ISI started coverage on Oddity Tech in a research note on Thursday, April 4th. They issued an outperform rating and a $57.00 price objective on the stock. Finally, Morgan Stanley increased their target price on Oddity Tech from $35.00 to $47.00 and gave the company an equal weight rating in a research note on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $53.63.

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.