Oddity Tech (ODD) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ODD broke through the 20-day moving average, which suggests a short-term bullish trend.
Oddity Tech (ODD -0.53%) reported its fourth-quarter and full-year 2024 earnings on February 26, 2025, highlighting strong growth and investments in future expansion. The company is seeing growth through repeat sales and its direct-to-consumer business, with new brands on the horizon in 2025 and 2026.
Oddity Tech Ltd. (NASDAQ:ODD ) Q4 2024 Earnings Conference Call February 26, 2025 8:30 AM ET Company Participants Maria Lycouris - IR Oran Holtzman - Co-Founder and CEO Niv Price - CTO Lindsay Drucker Mann - Global CFO Conference Call Participants Cory Carpenter - JPMorgan Youssef Squali - Truist Securities Javier Escalante - Evercore ISI Andrew Boone - Citizens Dara Mohsenian - Morgan Stanley Scott Schoenhaus - KeyBanc Capital Markets Lorraine Hutchinson - Bank of America Lauren Lieberman - Barclays Operator Good morning.
Oddity Tech (ODD) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.17 per share a year ago.
Oddity Tech disrupts the beauty industry by leveraging AI and data to enhance online shopping, boasting high consumer satisfaction and repeat purchase rates. The company's DTC model and in-house marketing provide control over brand image and inventory, ensuring sustainable growth and high ROAS. Management's commitment to a 20% growth algorithm and integrity in pacing growth demonstrate long-term vision and strategic planning.
Oddity Tech (ODD) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
ODD is disrupting the legacy beauty and wellness market with technologies like AI, machine learning, data science and computer vision.
Oddity Tech's data-driven, AI-powered DTC model looks set to facilitate market share gains through FY28. ODD's forward EV/EBITDA valuation of 16.2x is pricier than the industry average, but we feel it is worth this premium, considering the superior EBITDA profile of the business. ODD's robust balance sheet, zero debt, and strong free cash flow support have prompted a shift towards share buyback momentum with another $100m yet to be deployed.
From a technical perspective, Oddity Tech (ODD) is looking like an interesting pick, as it just reached a key level of support. ODD recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
The mean of analysts' price targets for Oddity Tech (ODD) points to a 28.7% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Oddity Tech (ODD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Oddity Tech Ltd (NASDAQ:ODD ) Q3 2024 Results Conference Call November 7, 2024 8:30 AM ET Company Participants Maria Lycouris - Investor Relations Oran Holtzman - Co-Founder and Chief Executive Officer Lindsay Drucker Mann - Global Chief Financial Officer Conference Call Participants Dara Mohsenian - Morgan Stanley Nick Cronin - Truist Securities Operator Good morning, and welcome to the ODDITY's Third Quarter 2024 Earnings Conference Call. Today's call is being recorded, and we have allocated time for prepared remarks and Q&A.