Oddity Tech (NASDAQ:ODD – Get Free Report) updated its second quarter 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.610-0.640 for the period, compared to the consensus EPS estimate of 0.560. The company issued revenue guidance of $185.0 million-$189.0 million, compared to the consensus revenue estimate of $186.5 million. Oddity Tech also updated its FY 2024 guidance to 1.570-1.620 EPS.
Analyst Upgrades and Downgrades
ODD has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of 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 started coverage on Oddity Tech in a report on Thursday, April 4th. They set an outperform rating and a $57.00 price objective on the stock. JMP Securities reiterated a market outperform rating and issued a $66.00 target price on shares of Oddity Tech in a report on Thursday, March 7th. Bank of America raised their price target on Oddity Tech from $44.00 to $50.00 and gave the company a buy rating in a research note on Thursday, March 7th. Finally, Barclays lowered their price objective on shares of Oddity Tech from $46.00 to $44.00 and set an equal weight rating for the company in a research note on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $53.63.
View Our Latest Stock Report on Oddity Tech
Oddity Tech Stock Performance
Oddity Tech (NASDAQ:ODD – Get Free Report) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. The firm had revenue of $97.25 million for the quarter, compared to the consensus estimate 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.
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.
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