ODP Stock Recent News
ODP LATEST HEADLINES
BOCA RATON, Fla.--(BUSINESS WIRE)--The ODP Corporation ("ODP," or the "Company") (NASDAQ:ODP), a leading provider of products and services through an integrated business-to-business (B2B) distribution platform and omnichannel presence, today announced the implementation of cutting-edge Generative AI (Gen AI) technology across its nationwide network of Office Depot and OfficeMax stores. This technology has significantly enhanced its customer experience since its last announcement, and further de.
ODP Corp. (ODP) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
ODP Corp. (ODP) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $0.99 per share a year ago.
Recently, Zacks.com users have been paying close attention to ODP Corp. (ODP). This makes it worthwhile to examine what the stock has in store.
ODP Corp. (ODP) closed at $42.15 in the latest trading session, marking a +0.07% move from the prior day.
The ODP Corporation's (ODP) Project CORE initiative, aimed at boosting operational efficiency and lowering costs, is likely to have favorably impacted the company's bottom line.
ODP Corp. (ODP) reachead $41.59 at the closing of the latest trading day, reflecting a +0.17% change compared to its last close.
ODP Corporation stock has underperformed its small-cap peers by -26% YTD, with pronounced weakness following the Q1 results in May. Q2 may not be the strongest quarter given seasonal weakness and sizeable upward revisions to the EPS, but forward looking guidance for H2 is expected to be positive. Project Core's salutary impact is expected to reflect well on the bottom line numbers for this year and next, and despite positive revisions in the EPS, PE valuations look incredibly cheap.
ODP Corp. (ODP) closed the most recent trading day at $39.66, moving +1.59% from the previous trading session.
SIMO, ODP and DESP made it to the Zacks Rank #1 (Strong Buy) growth stocks list on July 5, 2024.