Oddity Tech (ODD) Scheduled to Post Quarterly Earnings on Tuesday

Oddity Tech (NASDAQ:ODD) is scheduled to post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Oddity Tech to post earnings of $0.41 per share for the quarter. Oddity Tech has set its Q1 guidance at $0.47-$0.50 EPS and its FY24 guidance at $1.49-$1.54 EPS.Investors interested in participating in the company’s conference call can do so using this link.

Oddity Tech (NASDAQ:ODD) last announced its earnings results on Tuesday, March 5th. The company reported $0.05 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.05. The business had revenue of $97.25 million during the quarter, compared to analyst estimates of $86.38 million. Oddity Tech had a net margin of 11.51% and a return on equity of 26.22%. On average, analysts expect Oddity Tech to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Oddity Tech Price Performance

NASDAQ:ODD opened at $32.55 on Tuesday. The business has a fifty day moving average price of $39.86 and a 200-day moving average price of $38.70. Oddity Tech has a one year low of $24.12 and a one year high of $56.00. The firm has a market capitalization of $1.85 billion and a price-to-earnings ratio of 31.91.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ODD. JMP Securities restated a “market outperform” rating and issued a $66.00 price target on shares of Oddity Tech in a research report on Thursday, March 7th. Morgan Stanley boosted their price target on Oddity Tech from $35.00 to $47.00 and gave the company an “equal weight” rating in a report on Thursday, March 7th. Barclays cut their target price on shares of Oddity Tech from $46.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, April 12th. Evercore ISI initiated coverage on shares of Oddity Tech in a report on Thursday, April 4th. They issued an “outperform” rating and a $57.00 price target on the stock. Finally, Bank of America boosted their target price on shares of Oddity Tech from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.63.

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.