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ODP (ODP)
NASDAQ:ODP
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.8Last Year’s EPS
0.92Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 05, 2020
|% Change Since: -20.35%
|Next Earnings Date:Aug 05, 2020
Earnings Call Sentiment|Neutral
The earnings call reflected a challenging quarter with significant revenue declines and operational hurdles due to macroeconomic conditions and natural disasters. However, notable achievements such as securing a major B2B contract and growth in the Veyer segment provide optimism for future growth.Company Guidance
During The ODP Corporation's Third Quarter 2024 Earnings Conference Call, the company provided guidance reflecting a challenging macroeconomic environment and strategic initiatives aimed at future growth. The company maintained its revenue guidance at approximately $7 billion for 2024 but lowered its adjusted EBITDA outlook to $260-$300 million and adjusted operating income to $160-$200 million. Adjusted earnings per share were revised to $3.10-$3.80, and guidance for adjusted free cash flow was suspended due to planned investments in growth opportunities. ODP is focusing on a strategic pivot to B2B, highlighted by a significant new contract worth up to $1.5 billion over ten years, and expanding into new industry segments like hospitality. The company is also prioritizing investments in talent, operations, and technology to drive top-line growth and sustainable EBITDA and cash flow.Significant B2B Contract Win
ODP secured a major B2B contract worth up to $1.5 billion over a 10-year period, marking one of the largest B2B contracts in the company's history.
Veyer Segment Growth
Veyer, ODP's supply chain business, reported a 30% increase in external revenue over last year and secured a major contract with a large social media-focused e-commerce company.
Strong Cash Position
ODP ended the quarter with total liquidity of $728 million, including $192 million in cash and $536 million of available credit.
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ODP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ODP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $31.11 | $27.57 | -11.38% |
| Aug 07, 2024 | $37.93 | $24.56 | -35.25% |
| May 08, 2024 | $51.90 | $43.22 | -16.72% |
| Feb 28, 2024 | $52.98 | $54.96 | +3.74% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does ODP (ODP) report earnings?
ODP (ODP) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is ODP (ODP) earnings time?
ODP (ODP) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ODP EPS forecast?
ODP EPS forecast for the fiscal quarter 2024 (Q4) is 0.8.
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