Oddity Tech (NASDAQ:ODD) Updates Q4 Earnings Guidance

by · The Markets Daily

Oddity Tech (NASDAQ:ODD – Get Free Report) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.11-0.13 for the period, compared to the consensus EPS estimate of $0.09. The company issued revenue guidance of $118-120 million, compared to the consensus revenue estimate of $118.02 million. Oddity Tech also updated its FY 2024 guidance to 1.850-1.870 EPS.

Oddity Tech Trading Up 2.6 %

ODD stock traded up $1.11 during trading on Wednesday, hitting $43.44. The company had a trading volume of 746,528 shares, compared to its average volume of 670,283. Oddity Tech has a one year low of $27.52 and a one year high of $50.36. The business has a 50-day moving average of $37.99 and a 200-day moving average of $38.42. The stock has a market cap of $2.47 billion, a PE ratio of 31.15, a PEG ratio of 1.37 and a beta of 4.40.

Oddity Tech (NASDAQ:ODD – Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.24. Oddity Tech had a net margin of 14.66% and a return on equity of 26.66%. The business had revenue of $192.77 million during the quarter, compared to the consensus estimate of $188.49 million. During the same quarter last year, the firm earned $0.52 earnings per share. Oddity Tech’s quarterly revenue was up 27.4% on a year-over-year basis. Research analysts forecast that Oddity Tech will post 1.46 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Barclays reduced their price target on shares of Oddity Tech from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Oddity Tech currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.83.

Read Our Latest Research Report on Oddity Tech

About Oddity Tech

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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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