Oddity Tech (NASDAQ:ODD) Updates Q2 Earnings Guidance

Oddity Tech (NASDAQ:ODD) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.61-0.64 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. 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 cut their price objective on Oddity Tech from $46.00 to $44.00 and set an equal weight rating on the stock in a research note on Friday, April 12th. Morgan Stanley upped their target price on Oddity Tech from $35.00 to $47.00 and gave the stock an equal weight rating in a research report on Thursday, March 7th. Evercore ISI initiated coverage on shares of Oddity Tech in a research report on Thursday, April 4th. They issued an outperform rating and a $57.00 price target on the stock. Finally, JMP Securities reiterated a market outperform rating and issued a $66.00 target price on shares of Oddity Tech in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Oddity Tech has an average rating of Moderate Buy and an average target price of $53.63.

Oddity Tech Price Performance

ODD stock traded up $1.52 on Thursday, reaching $38.01. 1,036,438 shares of the company were exchanged, compared to its average volume of 875,187. Oddity Tech has a 12 month low of $24.12 and a 12 month high of $56.00. The stock’s fifty day moving average price is $38.95 and its 200 day moving average price is $38.87. The firm has a market capitalization of $2.16 billion and a PE ratio of 37.27.

Oddity Tech (NASDAQ:ODD) last announced its quarterly earnings data on Tuesday, March 5th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. Oddity Tech had a net margin of 11.51% and a return on equity of 26.22%. The business had revenue of $97.25 million during the quarter, compared to analyst estimates of $86.38 million. As a group, research analysts expect 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.