Oddity Tech (NASDAQ:ODD) Updates Q2 2024 Earnings Guidance

Oddity Tech (NASDAQ:ODD) issued an update on its second quarter 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.690-0.690 for the period, compared to the consensus earnings per share estimate of 0.630. The company issued revenue guidance of $189.0 million-$189.0 million, compared to the consensus revenue estimate of $187.4 million.

Oddity Tech Price Performance

Shares of ODD opened at $38.72 on Thursday. The stock’s 50-day moving average is $37.27 and its two-hundred day moving average is $40.67. The stock has a market cap of $2.20 billion and a PE ratio of 32.27. Oddity Tech has a 12 month low of $24.12 and a 12 month high of $56.00.

Oddity Tech (NASDAQ:ODD) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.12. The company had revenue of $211.63 million for the quarter, compared to analysts’ expectations of $205.55 million. Oddity Tech had a return on equity of 26.10% and a net margin of 12.97%. On average, research analysts anticipate that Oddity Tech will post 1.34 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Morgan Stanley boosted their price target on Oddity Tech from $35.00 to $47.00 and gave the stock an equal weight rating in a research note on Thursday, March 7th. Truist Financial reiterated a buy rating and issued a $58.00 price target on shares of Oddity Tech in a research note on Friday, June 7th. Barclays cut their price target on Oddity Tech from $44.00 to $42.00 and set an equal weight rating on the stock in a research note on Friday, May 10th. Evercore ISI initiated coverage on Oddity Tech in a research note on Thursday, April 4th. They set an outperform rating and a $57.00 price objective on the stock. Finally, JMP Securities restated a market outperform rating and set a $66.00 price objective 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.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $53.75.

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.