Can Oddity Tech (ODD) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Oddity Tech (ODD) shows a promising earnings outlook, with analysts raising their earnings estimates, indicating potential for continued stock momentum [1][2] Earnings Estimate Revisions - The upward trend in earnings estimate revisions reflects growing analyst optimism about Oddity Tech's earnings prospects, which is expected to positively impact its stock price [2] - For the current quarter, the earnings estimate is $0.62 per share, representing a +10.71% change from the previous year, with a Zacks Consensus Estimate increase of 8.91% over the last 30 days [5] - For the full year, the earnings estimate is $1.62 per share, reflecting a +23.66% change from the year-ago number, with a consensus estimate increase of 7.41% due to three upward revisions [6] Zacks Rank - Oddity Tech currently holds a Zacks Rank 1 (Strong Buy), indicating strong agreement among analysts in revising earnings estimates upward, which historically correlates with stock outperformance [3][8] - Stocks with Zacks Rank 1 and 2 significantly outperform the S&P 500, suggesting a favorable investment opportunity in Oddity Tech [8] Stock Performance - The stock has gained 26.4% over the past four weeks, driven by solid estimate revisions, indicating strong investor interest and potential for further growth [9]