ODP Q4 Adj EPS $0.92 Beats $0.78 Estimate, Sales $1.81B Miss $1.84B Estimate
Portfolio Pulse from Benzinga Newsdesk
ODP Corporation (NASDAQ:ODP) reported Q4 adjusted EPS of $0.92, surpassing the $0.78 estimate, marking a 17.95% beat and an 8.24% increase from the previous year. However, Q4 sales of $1.81B fell short of the $1.84B estimate, a 1.85% miss and a 14.25% decrease from the previous year.
February 28, 2024 | 11:52 am
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ODP Corporation reported a Q4 adjusted EPS of $0.92, beating estimates, but sales of $1.81B missed expectations and showed a significant year-over-year decline.
While the EPS beat is positive, the miss on sales and the significant year-over-year decline in sales could concern investors. The mixed results may lead to neutral short-term price movement as investors weigh the positive earnings against the sales miss and decline.
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