Oddity Tech (ODD) Soars 7.4%: Is Further Upside Left in the Stock?

Company Overview - Oddity Tech (ODD) shares increased by 7.4% to $35.40 in the last trading session, following a significant trading volume, contrasting with a 16.3% decline over the past four weeks [1] - The company is experiencing strong revenue growth, driven by a 6% increase in average order value in Q2 2024 and consistent performance from its brands IL MAKIAGE and SpoiledChild [1] Earnings Expectations - Oddity Tech is projected to report quarterly earnings of $0.22 per share, reflecting a year-over-year increase of 4.8% [2] - Expected revenues for the upcoming quarter are $115.79 million, which represents a 22.6% increase compared to the same quarter last year [2] Stock Performance Insights - The consensus EPS estimate for Oddity Tech has remained stable over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [3] - The stock currently holds a Zacks Rank of 2 (Buy), suggesting positive market sentiment [3] Industry Context - Oddity Tech operates within the Zacks Internet - Software industry, where another company, Alight, Inc. (ALIT), saw a 1.3% increase in its stock price, closing at $7.16, with a 4% return over the past month [3] - Alight's consensus EPS estimate has remained unchanged at $0.10, representing a year-over-year decline of 28.6%, and it currently holds a Zacks Rank of 4 (Sell) [4]