NASDAQ:ODD - Get Free Report ) issued an update on its second quarter 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.610-0.640 for the period, compared to the consensus 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.
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Wall Street Analyst Weigh In A number of analysts have recently issued reports on the company. JMP Securities reiterated a market outperform rating and set a $66.00 target price on shares of Oddity Tech in a report on Thursday, March 7th. Barclays reduced 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 increased their target price on Oddity Tech from $35.00 to $47.00 and gave the company an equal weight rating in a research note on Thursday, March 7th. Evercore ISI started coverage on Oddity Tech in a research report on Thursday, April 4th. They set an outperform rating and a $57.00 price target on the stock. Finally, Bank of America lifted their price objective on shares of Oddity Tech from $44.00 to $50.00 and gave the company a buy rating in a research note on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Oddity Tech presently has an average rating of Moderate Buy and a consensus price target of $53.63.
Read Our Latest Analysis on Oddity Tech
Oddity Tech Trading Up 16.7 % ODD traded up $5.23 during trading hours on Wednesday, hitting $36.49. The company's stock had a trading volume of 2,560,473 shares, compared to its average volume of 873,354. Oddity Tech has a fifty-two week low of $24.12 and a fifty-two week high of $56.00. The company has a 50-day simple moving average of $39.04 and a 200 day simple moving average of $38.89. The firm has a market capitalization of $2.08 billion and a PE ratio of 35.77.
Oddity Tech (NASDAQ:ODD - Get Free Report ) last released its earnings results on Tuesday, March 5th. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. The firm had revenue of $97.25 million for the quarter, compared to analysts' expectations of $86.38 million. Oddity Tech had a net margin of 11.51% and a return on equity of 26.22%. Research analysts expect that Oddity Tech will post 1.22 earnings per share for the current fiscal year.
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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