Alert: New Earnings Report (5/8/24)-The ODP Corporation (NASDAQ: ODP).

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The ODP Corporation (NASDAQ: ODP) has reported earnings for its first fiscal quarter (ending March 31) of $0.42 versus $1.79 for the same period a year ago — a decline of -77%. Relative to the consensus estimate of $2.05, this was a shortfall of $-1.63. For the latest four quarters through March 31, E.P.S. were $2.15 versus $4.37 for the same period a year ago — a decline of -51%.

Recent Price Action

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On 5/8/24, The ODP Corporation (NASDAQ: ODP) stock suffered a major decline of -16.7%, closing at $43.22. Moreover, exceptionally high trading volume at 290% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -15.1% during the last week.

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 C (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ODP has a slightly negative Appreciation Score of 37 and a neutral Power Rating of 60, and the Neutral 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 C. This review will be completed in the next several days.

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