ODP Raises FY24 Adj EPS Guidance From $5.60 - $5.80 To $6.30 - $6.60 Vs. $5.67 Est.
Portfolio Pulse from Benzinga Newsdesk
ODP Corporation has increased its adjusted earnings per share (EPS) guidance for fiscal year 2024 from the previous range of $5.60 - $5.80 to a new range of $6.30 - $6.60, surpassing the estimated $5.67.
May 08, 2024 | 10:54 am
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ODP Corporation has revised its FY24 adjusted EPS guidance upwards, now expecting $6.30 - $6.60, above the analyst estimate of $5.67.
Raising the EPS guidance significantly above analyst expectations usually indicates stronger than anticipated financial health and operational efficiency. This positive adjustment suggests that ODP Corporation is performing better than previously forecasted, which could lead to increased investor confidence and potentially drive the stock price up in the short term.
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