ODP Corp reports results for the quarter ended September 30 - Earnings Summary

• ODP Corp ODP.OQ reported quarterly adjusted earnings of $1.14​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 71 cents. The mean expectation of three analysts for the quarter was for earnings of 80 cents per share. Wall Street expected results to range from 74 cents to 89 cents per share.

• Revenue fell 8.7% to $1.63 billion from a year ago; analysts expected $1.67 billion.

• ODP Corp's reported EPS for the quarter was 72 cents​.

• The company reported quarterly net income of $23 million.

• ODP Corp shares had fallen by 0.2% this quarter and gained 22.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.4% 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 "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the miscellaneous specialty retailers peer group is "buy."

• Wall Street's median 12-month price target for ODP Corp is $35.00, about 20.6% above its last closing price of $27.80

This summary was machine generated from LSEG data November 5 at 02:01 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)