For its fourth fiscal quarter (ending December 31), The ODP Corporation (NASDAQ: ODP) has reported a -225% decline in E.P.S. from $0.79 a year ago to $-0.99 in the current quarter. Relative to the consensus estimate of $0.78, this was a shortfall of $-1.77. For the latest four quarters through December 31, E.P.S. were $3.61 compared to $3.73 a year ago — a decline of -3%.
Recent Price Action
The ODP Corporation (NASDAQ: ODP) stock closed at $54.96 on 2/28/24 after a large increase of 3.7%. Moreover, trading volume in this advance was exceptionally high at 354% of normal. The stock has risen 5.0% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, ODP is expected to continue to be a major Value Builder.
ODP has a current Value Trend Rating of C (Neutral). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. ODP has a slightly negative Appreciation Score of 39 but a good Power Rating of 77, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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