The ODP Corporation (NASDAQ: ODP) has reported E.P.S. of $2.06 for its third fiscal quarter (ending September 30) versus $2.14 for the same period a year ago — a decline of -4%. For the latest four quarters through September 30, E.P.S. were $1.76 versus $6.13 for the same period a year ago — a decline of -71%.
Recent Price Action
The ODP Corporation (NASDAQ: ODP) stock suffered a major decline of -11.4% on 11/6/24. The shares closed at $27.57. Moreover, this decline was accompanied by exceptionally high trading volume at 320% of normal. The stock has declined -12.4% during the last week and has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. ODP has a slightly positive Appreciation Score of 66 but a very low Power Rating of 4, and the Negative Value Trend Rating results.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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