BUZZ-Beauty co Oddity Tech rallies after Q3 beat-and-raise

Reuters
Nov 20
BUZZ-Beauty co Oddity Tech rallies after Q3 beat-and-raise

** Online beauty and wellness firm Oddity Tech's ODD.O shares up 17.9% premarket to $43.80 after it surpassed Wall Street's expectations and hiked FY outlook

** Israeli-based firm late Weds posted Q3 rev growth of 24% yr/yr to $148 mln and adj EPS of 40 cents, topping LSEG estimates of $145 mln in rev and 35 cents/sh profit

** For 2025, co forecasted rev of $806-$809 mln and adj EPS of $2.10-$2.12, up from prior outlook of $799-$804 mln and $2.06-$2.09, respectively

** Results continue to show strength of ODD's platform, KeyBanc research analyst Scott Schoenhaus said in flash note, adding co's new brand, METHODIQ, addresses a large unmet need for online access to medical-grade scar service and products

** Schoenhaus has 'overweight' rating on ODD and $80 PT

** 8 of 11 analysts covering ODD rate stock "strong buy" or "buy", 3 rate "hold"; their median PT is $75, per LSEG

** Through Weds close, shares down nearly 12% YTD

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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