ODP Corp reports results for the quarter ended in June - Earnings Summary

ODP

07/08/2024 14:32

* ODP Corp  ODP.OQ  reported quarterly adjusted earnings of
56
cents​​ per share for the quarter ended in June, lower than the
same quarter last year, when the company reported EPS of 99
cents.  The mean expectation of three analysts for the quarter
was for earnings of $1.20 per share. Wall Street expected
results to range from $1.13  to $1.25 per share.
    * Revenue fell 10% to $1.72 billion from a year ago;
analysts
expected $1.76 billion. 
    * ODP Corp's reported EPS for the quarter was a loss of
$2.05​.
    * The company reported a quarterly loss of $73 million.
    * ODP Corp shares had fallen by 3.4% this quarter and
lost 32.6%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 32.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the miscellaneous
specialty retailers peer group is also "buy"

Wall Street's median 12-month price target for ODP Corp is
$65.47 
This summary was machine generated from LSEG data August 7 at
01:31 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      1.20           0.56           Missed
 Mar. 31 2024      1.67           1.05           Missed
 Dec. 31 2023      0.78           0.92           Beat
 Sep. 30 2023      1.56           1.88           Beat