For its second fiscal quarter (ending June 30), The ODP Corporation (NASDAQ: ODP) has reported a -111% decline in E.P.S. from $1.11 a year ago to $-0.12 in the current quarter. This result fell short of the consensus estimate of $1.20 by $-1.32. For the latest four quarters through June 30, E.P.S. were $1.59 versus $5.40 for the same period a year ago — a decline of -71%.
Recent Price Action
The ODP Corporation (NASDAQ: ODP) stock closed at $24.56 on 8/7/24 after a major decline of -35.2%. Moreover, trading volume in this decline was exceptionally high at 297% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -41.7% 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. ODP has a neutral Appreciation Score of 59 but a poor Power Rating of 22, resulting in the Negative Value Trend Rating.
Rating Review
In light of this discouraging new earnings information and highly negative price change we are reviewing our current Overall Rating of D. We would continue to view the shares with caution pending completion of this review in the next several days.
Be the first to comment