ODDITY Tech beats Q2 adjusted profit estimates
Overview
ODDITY Tech Q2 revenue rises 25% yr/yr, beating analyst expectations, per LSEG data
Adjusted EPS for Q2 beats consensus, per LSEG data
Co plans Brand 3 launch, expanding into medical-grade products
Outlook
ODDITY raises FY2025 revenue outlook to $799-804 mln
Company expects FY2025 adjusted EBITDA of $160-162 mln
ODDITY forecasts Q3 revenue between $144 mln and $146 mln
Company sees FY2025 adjusted EPS between $2.06 and $2.09
Result Drivers
ONLINE REVENUE GROWTH - Double-digit online revenue growth for IL MAKIAGE and SpoiledChild contributed to Q2 results
INTERNATIONAL EXPANSION - Accelerated international expansion supported revenue growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $241 mln | $238.40 mln (6 Analysts) |
Q2 Adjusted EPS | Beat | $0.92 | $0.88 (7 Analysts) |
Q2 EPS | $0.79 | ||
Q2 Adjusted Net Income | Beat | $57 mln | $52.90 mln (5 Analysts) |
Q2 Adjusted EBITDA | Beat | $70 mln | $67.30 mln (5 Analysts) |
Q2 Gross Margin | 72.3% | ||
Q2 Adjusted EBITDA Margin | 28.8% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the personal products peer group is "buy"
Wall Street's median 12-month price target for Oddity Tech Ltd is $72.50, about 1.1% above its August 1 closing price of $71.70
The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 29 three months ago
Press Release:
