ODP Q2 2024 Adj. EPS $0.56 Misses $1.20 Estimate, Sales $1.717B Miss $1.762B Estimate
Portfolio Pulse from Benzinga Newsdesk
ODP (NASDAQ:ODP) reported Q2 2024 earnings of $0.56 per share, missing the analyst consensus estimate of $1.20 by 53.33%. Sales were $1.717 billion, also missing the estimate of $1.762 billion by 2.58%. Both earnings and sales showed significant declines compared to the same period last year.
August 07, 2024 | 10:51 am
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ODP reported Q2 2024 earnings of $0.56 per share, missing the analyst consensus estimate of $1.20 by 53.33%. Sales were $1.717 billion, also missing the estimate of $1.762 billion by 2.58%. Both earnings and sales showed significant declines compared to the same period last year.
ODP's significant miss on both earnings and sales estimates, along with year-over-year declines, is likely to negatively impact the stock price in the short term. Investors may react to the disappointing financial performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100