ODP Expects FY24 Sales Decline Of 2%-5%; Adjusted EPS Of $5.60-$5.80, Est $5.70
Portfolio Pulse from Benzinga Newsdesk
ODP Corporation forecasts a sales decline of 2%-5% for FY24, with an adjusted EPS range of $5.60-$5.80, closely aligning with the estimated $5.70.
February 28, 2024 | 11:59 am
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NEUTRAL IMPACT
ODP Corporation anticipates a 2%-5% sales decline in FY24, with adjusted EPS expected to be between $5.60 and $5.80, which is in line with the estimated $5.70.
The forecasted sales decline and EPS range provided by ODP Corporation are closely aligned with market expectations, indicating a neutral short-term impact on the stock price. The slight variance in the EPS forecast range around the estimated value suggests that the market has likely already adjusted expectations accordingly, leading to a neutral impact assessment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100