ODD Earnings Prediction
The chart below shows how ODD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ODD sees a -3.64% change in stock price 10 days leading up to the earnings, and a +5.14% change 10 days following the report. On the earnings day itself, the stock moves by -1.80%. This data can give you a slight idea of what to expect for the next quarter's release.
ODD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
119.00M
25.96%
-38.27%
Gross Margin
69.94%
-0.51%
-3.08%
Operating Margin
16.42%
145.81%
-40.33%
Net Margin
14.89%
266.75%
-36.91%
EPS
0.29
314.29%
-60.27%
No Data Available
ODD Earnings Analysis
ODDITY Tech Ltd. Class A Ordinary Shares Corporation (ODD.O) Earnings Conference Call
Positive
Record-Breaking Quarter Performance: O D D I T Y delivered another record-breaking quarter across the board.
Net Revenue Increase: We grew net revenue by 26% in the quarter to $119 million.
Product Category Strength: The strength was driven by both IL MAKIAGE and Spoiled Child across a range of product categories.
Order Growth Impact: Net revenue growth was driven primarily by an increase in orders, while average order value increased 9% year-over-year.
Strong Cash Position: We exited the quarter with $248 million of cash, equivalents, and investments on our balance sheet and 0 debt.
Negative
Quarterly Revenue Surge: Revenue growth of 26% in the quarter to $119 million, driven primarily by an increase in orders, while average order value increased by 9% year-over-year, indicating a potential slowdown in sales trends compared to previous quarters.
Gross Margin Performance: Gross margin compressed by 35 basis points to 69.9%, exceeding guidance of 68%, and is expected to normalize towards 68% in the fourth quarter, reflecting challenges in maintaining profitability.
EBITDA Margin Compression: Adjusted EBITDA margin compressed by 112 basis points as planned incremental expenses were incurred in the quarter to drive future growth initiatives, indicating pressure on margins due to increased costs.
Gross Margin Compression Ahead: The company expects further compression in gross margin in 2025 as it normalizes relative to strong results this year, suggesting potential challenges in sustaining profitability levels.
Earnings Pressure and Growth: Adjusted diluted earnings per share of $0.32 reflects ongoing pressures, with expectations for continued investment in growth initiatives impacting short-term profitability.
ODD FAQs
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ODD Earning Call Sentiment
Oddity Tech Ltd (ODD) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
ODD.O
-0.38%Positive
The earnings call reflects strong financial performance with 27% revenue growth and robust cash flow. Although gross margin slightly decreased, guidance remains optimistic, expecting 71.5% for the year. The company’s strategic investments in new brands and technology, along with a strong direct-to-consumer model, indicate future growth potential. Share repurchases further enhance shareholder value. Despite some uncertainties, such as competitive pressures and investment risks, the overall sentiment is positive, supported by strong Q3 results and optimistic guidance. The stock, being small-cap, is likely to react positively, within the 2% to 8% range.
