ODP Revised FY23 Revenue Outlook To $7.8B-$7.9B From $8B (Vs. Cons. $8B), Raised Adj. EPS To $5.30-$5.60 (From $5.00- $5.30) Vs. $5.2 Est.
Portfolio Pulse from Benzinga Newsdesk
ODP Corporation has revised its FY23 revenue outlook to $7.8B-$7.9B from $8B, slightly below consensus estimates of $8B. However, the company has raised its adjusted EPS forecast to $5.30-$5.60 from $5.00-$5.30, which is above the estimated $5.2.
November 08, 2023 | 11:55 am
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NEUTRAL IMPACT
ODP Corporation has lowered its revenue forecast for FY23 but raised its adjusted EPS outlook. This mixed revision may lead to uncertain market reactions.
ODP Corporation's revised outlook presents a mixed picture. While the lowered revenue forecast may negatively impact the stock, the raised EPS outlook could have a positive effect. The net impact on the stock price is uncertain and will depend on how investors weigh these factors.
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RELEVANCE 100