Streetbeat News

ODD

Oddity Tech Ltd.

Industry

Software - Infrastructure

Oddity Tech Ltd., together with its subsidiaries, operates as a consumer-tech company worldwide. The company provides beauty and wellness products utilizing its PowerMatch technology. It builds and scales digital-first brands to disrupt the offline-dominated beauty and wellness industries. The company offers products for face and complexion, eyes and brows, lips, and skin care under the IL MAKIAGE brand; and hair and skin care products under the SpoiledChild brand. The company was incorporated in 2013 and is based in Tel Aviv-Jaffa, Israel.

Open

45.35

Mkt cap

2.6B

Volume

372K

High

46.13

P/E Ratio

28.00

52-wk high

51.00

Low

44.40

Div yield

N/A

52-wk low

30.34

Oddity Tech Ltd. (ODD) reported Q4 earnings below expectations and issued FY24 EPS guidance below estimates, causing its shares to fall 10.4% in pre-market trading. Other stocks also moved lower, including Entravision Communications (EVC), Grifols (GRFS), SOPHiA GENETICS (SOPH), Golden Ocean Group (GOGL), Benchmark Electronics (BHE), Digital World Acquisition Corp. (DWAC), and Ross Stores (ROST), with various reasons including poor earnings reports and significant business changes.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 10:00 am

ODDITY Tech's shares have declined following the announcement of disappointing Q4 earnings per share (EPS) results and the issuance of a fiscal year 2024 EPS guidance that fell below analysts' expectations.

Portfolio Pulse from Benzinga Newsdesk

March 05, 2024 | 10:06 pm

ODDITY Tech reported Q4 earnings of $0.08 per share, missing the consensus estimate of $0.12. However, their quarterly sales of $97.25M exceeded the estimate of $86.38M.

Portfolio Pulse from Happy Mohamed

March 05, 2024 | 9:07 pm

Earnings reports for March 5, 2024, include a mix of expected quarterly losses and earnings from various sectors. Notable companies like NIO, Target, and Nordstrom are among those reporting. The reports span across different industries, including automotive, retail, biotech, and technology, indicating a broad market impact.

Portfolio Pulse from Benzinga Insights

March 05, 2024 | 10:00 am

Barclays analyst Lauren Lieberman has maintained an Equal-Weight rating on ODDITY Tech (NASDAQ:ODD) and increased the price target from $34 to $42.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 5:48 pm

Truist Securities has maintained a 'Buy' rating on ODDITY Tech and raised the price target from $54 to $55. The report was released on 8th Nov 2023.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 10:41 pm

Truist Securities analyst Youssef Squali has maintained a 'Buy' rating on ODDITY Tech (NASDAQ:ODD) and raised the price target from $54 to $55.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 9:41 pm

Morgan Stanley analyst Dara Mohsenian has maintained an Equal-Weight rating on ODDITY Tech (NASDAQ:ODD) and lowered the price target from $57 to $35.

Portfolio Pulse from Benzinga Newsdesk

November 09, 2023 | 2:29 pm

Oddity Tech has raised its FY23 EPS from $1.11-$1.17 to $1.21-$1.23, and revenue from $475M-$480M to $493M-$497M. This is due to strong Q3 results, leading to higher revenue, profit margins, and earnings than previously expected. The company now expects year-over-year growth between 52% and 53%, gross margins of approximately 70.0%, and adjusted EBITDA between $104 million and $105 million.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:37 am

Oddity Tech has provided its Q4 2023 guidance, expecting net revenue between $82M-$85M, representing YoY growth of 22-26%, and adjusted EBITDA between $13M-$14M. The company also anticipates an adjusted diluted EPS of $0.10-$0.12, with a stock-based compensation expense of approximately $8M.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 1:36 am

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