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.
Investors need to pay close attention to The ODP (ODP) stock based on the movements in the options market lately.
ODP Corp. (ODP) closed the most recent trading day at $39.27, moving -0.71% from the previous trading session.
ODP Corp. (ODP) concluded the recent trading session at $39.28, signifying a +0.56% move from its prior day's close.
POWL, ODP and SIMO made it to the Zacks Rank #1 (Strong Buy) growth stocks list on June 24, 2024.
ODP Corp. (ODP) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Zacks.com users have recently been watching ODP Corp. (ODP) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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