For its third fiscal quarter (ending September 30), The ODP Corporation (NASDAQ: ODP) has reported a 32% increase in E.P.S. from $1.39 a year ago to $1.83 in the current quarter. Relative to the consensus estimate of $1.56, this was a premium of $0.27. For the latest four quarters through September 30, E.P.S. were $5.31 compared to $3.55 a year ago — an increase of 50%.
Recent Price Action
On 11/8/23, The ODP Corporation (NASDAQ: ODP) stock suffered a very large decline of -5.5%, closing at $44.84. The stock has been strong relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
ODP’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company 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 37 but a slightly positive Power Rating of 61, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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