Oddity Tech (NASDAQ:ODD) Releases FY24 Earnings Guidance

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

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ODD. Bank of America increased their price target 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. JMP Securities reissued a market outperform rating and set a $66.00 price target on shares of Oddity Tech in a report on Thursday, March 7th. Morgan Stanley increased their price target on shares of Oddity Tech from $35.00 to $47.00 and gave the stock an equal weight rating in a report on Thursday, March 7th. Barclays cut 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. Finally, Evercore ISI began coverage on shares of Oddity Tech in a report on Thursday, April 4th. They set an outperform rating and a $57.00 price target for the company. Three 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 a consensus rating of Moderate Buy and an average target price of $53.63.

Oddity Tech Stock Performance

ODD traded down $1.05 on Tuesday, hitting $31.26. 2,196,418 shares of the company were exchanged, compared to its average volume of 854,085. The business’s fifty day moving average is $39.22 and its 200 day moving average is $38.86. Oddity Tech has a fifty-two week low of $24.12 and a fifty-two week high of $56.00. The firm has a market capitalization of $1.78 billion and a P/E ratio of 30.91.

Oddity Tech (NASDAQ:ODD) last released its quarterly earnings results on Tuesday, March 5th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The business 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%. Analysts forecast that Oddity Tech will post 1.22 EPS for the current fiscal year.

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.