In This Article:
ODP (NASDAQ:ODP) Third Quarter 2024 Results
Key Financial Results
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Revenue: US$1.78b (down 11% from 3Q 2023).
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Net income: US$68.0m (down 2.9% from 3Q 2023).
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Profit margin: 3.8% (up from 3.5% in 3Q 2023).
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EPS: US$2.05.
All figures shown in the chart above are for the trailing 12 month (TTM) period
ODP EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 8.0%.
Looking ahead, revenue is expected to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Specialty Retail industry in the US are expected to grow by 4.8%.
Performance of the American Specialty Retail industry.
The company's shares are down 11% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with ODP, and understanding these should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.