ODP Q2 Adj EPS $0.99 Beats $0.77 Estimate, Sales $1.91B Miss $1.98B Estimate
Portfolio Pulse from Benzinga Newsdesk
ODP Corporation reported Q2 adjusted earnings of $0.99 per share, beating the analyst consensus estimate of $0.77 by 28.57%. However, the company's quarterly sales of $1.91 billion missed the analyst consensus estimate of $1.98 billion by 3.64%. This represents a 6.19% decrease in sales compared to the same period last year.
August 09, 2023 | 10:51 am
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NEUTRAL IMPACT
ODP Corporation's Q2 earnings beat estimates but sales missed, indicating mixed financial performance.
ODP Corporation's earnings beat could potentially boost investor confidence, however, the missed sales estimate and decrease in sales YoY might offset this positive sentiment. The net impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100